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...

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