The Saudi Monetary Agency (SAMA) has stopped the reinsurance brokerage activities of Al-Haditha Insurance and Reinsurance Brokerage Company and Brokers Compliance Company.
The reason is that the two companies failed to comply with the regulatory requirements. However, the regulator has allowed them to continue practicing insurance brokerage.
Read also | Obligation to separate insurance and reinsurance brokerage activities [4]
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[3] https://www.atlas-mag.net/en/issue/the-virtuous-circle-of-formation
[4] https://www.atlas-mag.net/en/article/obligation-to-separate-insurance-and-reinsurance-brokerage-activities