Oman Insurance considers bid for AXA's Middle East operations

Pedro Gonçalves
clock • 1 min read

Oman Insurance Company is mulling a bid for the Middle Eastern operations of French insurer AXA, Bloomberg has reported. AXA's business in the GCC region includes life, property and health insurance. Oman Insurance is said to be working with Barclays about a potential offer as the French group's chief executive Thomas Buberl is said to want to pull away from life insurance and less profitable markets. The company, which is working with HSBC Holdings on its strategic review in the Middle East, sold its operations in Poland, the Czech Republic and Slovakia for about €1bn to Austria's Un...

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