MedGulf News

Saudi Insurers Need More Consolidation, Foreign Input, Says Regulator

Saudi Arabia’s insurance industry needs more consolidation and foreign input to help create solid companies capable of competing in the oil-rich nation’s crowded market, the country’s central bank chief said. “There are some small firms I don’t believe are capable …

Saudi Arabia’s MedGulf Denies It’s Seeking to Be Acquired

The Mediterranean & Gulf Insurance & Reinsurance Co., a Saudi Arabian insurer known as MedGulf, denied it’s considering putting itself up for sale. MedGulf isn’t exploring strategic options that could include a potential sale of the company and hasn’t appointed …