Oman Reinsurance Company (Oman Re), the Sultanate of Oman’s sole reinsurer, reported that Fitch Ratings, a leading global credit rating agency, has affirmed the Company’s Insurer Financial Strength (IFS) Rating at 'BBB-' with Stable Outlook.
The rating action reflects Oman Re's investment risk tied to the credit quality of the Omani sovereign, alongside the Company’s robust capitalization, commendable underwriting performance and prudent investment strategy. For comprehensive details, please refer to the press release available on Fitch Ratings' website:
Romel Tabaja, CEO of Oman Re, commented, “We are pleased with Fitch Ratings’ affirmation of our 'BBB-' rating with Stable Outlook. This reflects our steadfast commitment to a prudent investment strategy, robust capitalization, and exceptional operational performance. As we move forward, our focus remains on diversifying our portfolio and enhancing our business profile to ensure sustainable growth and long-term stability. We remain focused on these strategic priorities as we continue to serve our clients across all markets where we operate in.”
