UAE - Oman Ins. completes 100% acquisition of Dubai Starr Sigorta
Thursday, 07 30 2020, Category: Insurance and Reinsurance, Country: U.A.E
Oman Insurance Company has completed 100% acquisition of its subsidiary, Dubai Starr Sigorta A.S.by obtaining additional 49% of issued and outstanding share capital.
In 2012, Oman Insurance Company bought 51% stake in Dubai Starr Sigorta which was an auto agency based in Istanbul, Turkey with operations in Ankara, Izmir and Bursa.
The company, under the new management set about building a strategy focused on Corporate Commercial Lines Business to serve the interests of the growing construction, property and casualty market in Turkey. Dubai Starr Sigorta focused on building strong underwriting and service capabilities with the support of Oman Insurance Company’s extensive product and brand depth.
With an expert management team having both local and international experience, it has become a well-known, preferred insurance solution provider for the local market especially in Construction and Liability sectors.