Munich Health Daman partners with Dhofar Insurance to enter Omani market

February 17, 2014 1:37 am

Oman-based Dhofar Insurance Co has signed a memorandum of understanding with Abu Dhabi’s Munich Health Daman Holding to set up a joint venture firm specialising in health insurance in the sultanate, Muscat Daily has reported. Munich Health Daman Holding is a joint venture between the Government of Abu Dhabi and Munich Reinsurance Co (Munich Re) for the purpose of a joint regional expansion. Munich Re owns a 51% stake in Munich Health Daman Holding.