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International

Oman Re’s underwriting profit more than doubles

October 31, 2022 Reprints

Oman Reinsurance Co. SAOC’s underwriting profits jumped 127% year-on-year to nearly 3 million Omani rial ($7.4 million) in the first nine months of the year despite high market volatility, Middle East Insurance Review reported. The reinsurer’s gross written premium increased 30% to more than OMR31 million.

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Oman Re’s underwriting profit more than doubles

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