Dubai-headquartered Oman Insurance coverage is contemplating making a bid for the Center Japanese operations of French insurer Axa, in accordance with experiences.
Rumours recommend that the agency is wanting on the Axa enterprise, which gives life, property and medical health insurance.
Oman Insurance coverage has 12 branches within the UAE, in addition to companies in Oman and Turkey.
Worldwide Adviser has contacted Axa and Oman Insurance coverage, however each companies didn’t reply in time for publication.
Axa has already offered off its operations in Poland, Czech Republic and Slovakia to Uniqa Insurance coverage Group.
Studies recommend that group chief govt Thomas Buberl is eager to tug again from life insurance coverage and fewer worthwhile markets.
There was no point out of potential gross sales in its newest monetary outcomes report in February 2020.