Al Ahlia, the third largest insurer in Oman, has £40m GWP
RSA has acquired Al Ahlia Insurance Company SAOC for OMR 19m (£31m) from ONIC.
Al Ahlia is the third largest insurer in Oman, with gross written premiums of OMR 25m (£40m) in 2008.
RSA said the deal will create the largest insurance group in Oman by net written premium.
Consideration is payable as a combination of cash and shares in the acquiring entity RSA Oman.
RSA's chief executive of Emerging Markets, Paul Whittaker, said: “The acquisition of Al Ahlia creates a market leading insurer in Oman and enhances our Emerging Markets platform in the Middle East.”
Completion of the transaction is subject to shareholder and regulatory approvals.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
