Oman Insurance acquires Generali’s UAE life insurance portfolio – The National

Oman Insurance acquires Generali’s UAE life insurance portfolio – The National

Oman Insurance acquired the UAE life insurance portfolio of Italian insurance company Assicurazioni Generali for an undisclosed sum.

The transfer, which covers unit-linked life insurance policies, is expected to be completed by the end of August 2022, subject to regulatory approvals, Oman Insurance said in a statement on Monday.

The agreement is in line with Generali’s strategy to rationalise its business model in the UAE by strengthening its ecosystem of partnerships.