Oman Re is the first reinsurance company to be established in Oman with the purpose of writing Facultative and Treaty business from local and international markets.
Oman Re’s current territorial scope includes all Afro-Asian countries, CEE and CIS markets and it writes marine and non-marine lines of business.
Oman Re was incorporated in July 2009 in the Sultanate of Oman with a paid-up capital of OMR 5,000,000 (Omani Rials five million). Capital was gradually increased to OMR 30,000,000 (Omani Rials thirty million), equivalent to circa USD 78,000,000 (US Dollars seventy-eight million).
The Company’s values of Dynamic Culture and Transparency ensure that all its operations are carried out with maximum integrity and to the highest standards.
Fitch Ratings has allocated an Insurer Financial Strength (IFS) rating of 'BBB-' (Good) to Oman Re. In their latest press release, Fitch Ratings stated that the rating of Oman Re reflects its good financial performance, capitalisation and reserving adequacy.
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