Lockton has secured a reinsurance license in Saudi Arabia, opening the door for the firm to write facultative and treaty business directly into one of the region's fastest-growing markets.
The approval extends Lockton's regional footprint and connects its global wholesale and reinsurance operations to local cedents in the Kingdom.
The license enables the broker to channel international capacity into risks underwritten in Saudi Arabia, supporting insurers as they navigate a market shaped by Vision 2030 infrastructure spending, mandatory health and motor lines, and rising commercial property exposures.
Mohammed Al Rowais will lead the Saudi reinsurance business for Lockton. He brings more than 15 years of experience in the Kingdom's insurance sector, having held senior positions at several local firms.
Al Rowais also sits on the General Insurance and Reinsurance Subcommittee of the Saudi Insurance Authority. His remit covers the build-out of facultative and treaty capabilities on the ground.
The Saudi license sits alongside a string of senior appointments aimed at scaling the firm's regional reinsurance bench. In March 2026, Lockton named Adam Berry as CEO of Lockton Re for the MENA region, with Berry joining from Howden Re and reporting to Keith Harrison to drive regional growth.
That hire followed the appointment of Christopher Bonnet as MENA CEO in October 2025. Bonnet joined from AIG to lead Lockton's regional operations, with the firm positioning the Middle East as a strategic growth corridor alongside parallel buildouts in specialty, energy, and financial lines.
Ata Khatib, chairman of Lockton Middle East and North Africa, said the firm's focus is on locally led solutions that combine global reach with domestic market knowledge.
"Our priority is delivering locally led reinsurance solutions that combine global expertise with market-specific insight and that meet the evolving needs of clients in Saudi Arabia," he said.
He added that Al Rowais's track record will support end-to-end client service, from complex facultative placements through to treaty structures.
Chris Brown, CEO of Lockton International, framed the Saudi license as part of a client-proximity strategy.
"This license strengthens our offering and ensures we are meeting clients where they need us, in Saudi Arabia and beyond, with the combined reach of Lockton and the specialist capabilities of our Lockton Re (treaty) business," he said.
Keith Harrison, international CEO of Lockton Re, said treaty reinsurance is shifting toward analytics, capital solutions, and agile program design to support cedent growth. He added that the Saudi platform, under Al Rowais, is intended to set a benchmark for how the broker delivers reinsurance solutions in the Kingdom.
