The Joint War Committee (JWC), which counts syndicate members from Lloyd's in its ranks, as well as representatives from the London insurance market, has listed the waters around Bahrain, Djibouti, Kuwait, Oman and Qatar as high-risk areas, according to a JWC Circular.
Oman Reinsurance Company (Oman Re), the Sultanate's first and only reinsurer, has announced strong financial results for the year ended 31 December 2025, reflecting sustained growth, disciplined underwriting and strategic resilience.
Company officials of The New India Assurance Company (Oman Operations ) [NIA Oman] have said the company closed 2025 with gross written premiums exceeding OMR20m ($52m).
Oman has introduced natural catastrophe coverage in compulsory third-party motor insurance policies - the first such initiative in the Gulf Cooperation Council (GCC) region.
Fenchurch Faris Insurance Services (Oman), an offshoot of the Greece-based Fenchurch Faris Brokerage, has been appointed as insurance consultants by Oman's Tender and Local Content Authority (PTLCA) to support the review of insurance arrangements and develop an insurance work strategy for government projects.
Profitability improved significantly in 2025 for eight listed insurance companies whose preliminary annual financial results were analysed by BADRI Management Consultancy, a Dubai-headquartered international actuarial and risk consultancy firm.
The Financial Services Authority (FSA) yesterday issued an administrative decision approving new regulatory amendments to the Unified Motor Insurance Policy Model, introducing a package of benefits aimed at expanding insurance protection for motor insurance policyholders and enhancing the quality of services provided.
Takaful Oman Insurance has issued and listed its Series 2 perpetual sukuk from which it raised OMR6m ($15.6m).
Oman's Head of State, Sultan Haitham bin Tarik, who is also the country's Prime Minister, has issued a Royal Decree establishing the International Financial Centre of Oman (IFC Oman) and enacting its own dedicated law.
Liva, a leading insurance group operating across the GCC, has announced two key leadership appointments as it enters the next phase of its development.