Omani reinsurer shifts strategic direction following acquisition by Trust Re

U.S.-based ratings agency A.M. Best Co. Inc. said that Oman Reinsurance Co. S.A.O.C. has seen a shift in strategic direction following the acquisition of a controlling stake in the reinsurer by Qatar-based Trust International Insurance & Reinsurance Co. B.S.C., Middle East Insurance Review reported. Oman Re forms part of Trust Re’s strategy to diversify the reinsurer’s portfolio by targeting niche small to medium risks across India and the Central Eastern European markets, the ratings agency said.
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