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Message from A. R. Srinivasan,
General Manager, Al Ahlia Insurance Company SAOC
 Today we have
announced a major strategic partnership with RSA Group, which is one
of the world’s leading non-life insurers.
RSA Oman will acquire Al Ahlia Insurance Company for RO 19m. In
creating this new partnership, Al Ahlia will benefit from RSA’s
strong financial base, vast experience in insurance, capacity and
global presence. In return, ONIC Holding will acquire a 20.03% stake
in RSA Oman.
As background on RSA, it is one of the world’s leading multinational
quoted insurance groups with a 300 year heritage. It has the
capability to write business in over 130 countries and with major
operations in the UK, Scandinavia, Canada, Ireland, Asia and the
Middle East and Latin America. Focusing on general insurance, it has
around 21,000 employees and, in 2008, its net written premiums were
£6.5bn.
A press release has been issued to announce this acquisition and
details can be found enclosed with this message. (click here for
the press release in English / click
here for the press release in Arabic)
We will initially run the 2 companies as separate entities allowing
us to then establish an integration team and in due course create
one combined organisation. So from that point of view the key
message for you our customers, is that it is business as usual.
Our company website will have more details in due course on the
acquisition. However, if you have any specific questions you can
write to
askus@alahliaoman.com
Regards,
for AL AHLIA INSURANCE CO. SAOC
A.R. SRINIVASAN
GENERAL MANAGER
Dated 10 February 2010
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