Oman Re posts 98.2% CR for 9M24 as nat cat burden bites

Published: Fri 1 Nov 2024

Oman Reinsurance Company – the sole reinsurer in the Sultanate of Oman – has posted reinsurance revenue of OMR37.4mn ($97.1mn) for the first nine months of 2024, up 17 percent from the prior-year period despite heightened natural catastrophe activity in its domestic market.