Aon to open a reinsurance brokerage subsidiary in Saudi Arabia

The British broker Aon has been granted approval by the Saudi Arabian central bank (SAMA) to set up a reinsurance brokerage unit in Saudi Arabia.

Named Aon Reinsurance Brokers Saudi Arabia (ARBS), the new entity is led by Mohammad Al Marhoon. This initiative is part of the " Saudi Vision 2030 " development strategy.