Insurance and Reinsurance
In recent years the insurance sector has substantially grown in the Arab region. Saudi Arabia has particularly witnessed the establishment of a large number of insurance companies. The supervision of the insurance sector has also seen significant changes with the introduction of new regulations across the region.
LLP acts for a number of multinational and regional insurance and reinsurance companies as well as for insurance intermediaries. We also advise on the incorporation of insurance joint ventures, insurance branches and on matters related to the provision of insurance services in the local markets.
We further act in relation to mergers and acquisitions, reorganization and the winding-up of insurance companies as well as provide legal advice and advocacy services in connection with insurance regulatory matters, insurance policies and reinsurance treaties.