Dubai's Oman Insurance sells business in Turkey to subsidiary of German group

Mark Battersby
clock • 1 min read

Dubai-headquartered Oman Insurance Company has completed the sale of its insurance business in Turkey to Istanbul-based reinsurance firm VHV Reasürans, a subsidiary of Germany's VHV Group.  The deal is part of the Dubai-based company's strategy to focus on "core markets", according to a statement on the Dubai Financial Market (DFM) on Friday.  Jean-Louis Laurent Josi, chief executive of Oman Insurance Company, said: "With this transaction, we have reinforced our focus and commitment to serving our core markets. Both our firms will cooperate in the future to insure specific risks toget...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?


More on Business Development