Oman Insurance Company P.S.C. (DFM:OIC) agreed to acquire UAE Life insurance portfolio from Assicurazioni Generali S.p.A. on February 23, 2022. Both parties have agreed to ensure a smooth transition for the existing policyholders and to continue providing them with access to best-in-class insurance services and systems. 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 Company P.S.C. (DFM:OIC) completed the acquisition of UAE Life insurance portfolio from Assicurazioni Generali S.p.A. on November 24, 2022.