Oman Re
 | DATE OF CREATION: 2009, Oman |
| CLASS OF BUSINESS: Non life | |
| MAIN UNDERWRITING ZONES: Middle East and Africa |
Oman Re : contact
| Address: Coral Building, 6th Floor- Al Khuwair South, P.O. Box : 1968 Code 114. Mascate, Oman |
| Tel : +968 2439 7700 - 702 |
| Fax: +968 2439 7777 |
| Email: info [at] omanre [dot] com [dot] om |
| Website: www.omanre.com |
Oman Re : rating
| Agency | Rating | Outlook |
| Fitch Rating | BB+ | Negative |
Oman Re: main indicators
In thousands USD| 2017 | 2018 | 2019 | |
| Turnover | 32 105 | 58 107 | 53 022 |
| Shareholder’s equity | 56 959 | 57 990 | 59 946 |
| Net result | 249 | 1 716 | 2 115 |
Read also | Oman Re: 2020 results
Oman Re : Turnover by class of business
In thousands USD
| 2019 premiums | In % | |
| Property damage | 39 163 | 73.86% |
| Marine | 3 051 | 5.76% |
| Motor | 1 904 | 3.59% |
| Others | 8 904 | 16.79% |
| Total | 53 022 | 100% |
Oman Re: capital and shareholding
| Shareholders | In % |
| Trust Re | 29.97% |
| Qatar General Insurance & Reinsurance | 24.58% |
| Omar Zawawi Establishement | 15.5% |
| Qatar General Insurance & Reinsurance | 10% |
| Others | 19.95% |
 | |
Oman Re: technical ratios
| 2017 | 2018 | 2019 | |
| Loss ratio | 62.3% | 55.2% | 66.5% |
| Management expenses ratio | 41.9% | 36.3% | 35.2% |
| Combined ratio | 104.2% | 91.5% | 101.7% |
Oman Re: management
| Juma Bin Ali Al Juma | Chairman of the board |
| Roumel Tabaja | Chief executive officer (CEO) |
| Khaled Nouiri | Chief operating officer (COO) |
| Muzamil Hussain | Chief financial officer (CFO) |
Read also | Top 10 Omani insurers
