Sukoon finalizes the acquisition of Generali's life portfolio in the United Arab Emirates

SukoonSukoon, formerly known as Oman Insurance Company, has completed the acquisition of Generali's life portfolio in the United Arab Emirates. The transfer of operations was finalized on 21 November 2022.

The transaction has been approved by the UAE and Italian supervisory authorities.

The deal follows the signing of an agreement between the two companies in February 2022.

This venture is part of Generali's strategy to streamline its business model in the country.

Sukoon, for its part, intends to speed up the growth of its life portfolio in order to become a regional reference in this class of business.

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