Oman Insurance Company http://www.alacrastore.com/company-snapshot/Oman_Insurance_Company-2542702 Sunday, September 07, 2008 1:51:05 PM 2542702 Oman Insurance Company en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/626578spcred/626578normThe latest Summary from S&P1/18/2008 6:50:24 PMSummary175global626578United Arab EmiratesMulti-line InsuranceEmerging MarketsEurope, Middle East, AfricaGlobal IssuersFinancial InstitutionsInsuranceSummaryThe ratings on composite insurer Oman Insurance Co. (PSC), based in the United Arab Emirates (UAE), reflect its strategic importance to its parent, UAE-based Mashreqbank (A/Stable/A-1), its strong operating performance, and its strong competitive position. Offsetting factors are its marginal investment profile and its weak enterprise risk management (ERM), especially investment risk management. Standard&Poor's Ratings Services views Oman Insurance as strategically important to its parent, Mashreqbank, and believes that it will therefore benefit from implicit group support. Oman Insurance is Mashreqbank's largest subsidiary and provides it with insurance products that fit well with Mashreqbank's intention to be a universal financial institution within the UAE. The ratings on Oman Insurance are capped at one notch below those on Mashreqbank.ARE40301030 403010 4030 40Oman Insurance Co. (PSC)326531EMERGINGEUROMIDAFROMI@UHSUMMARYGLOBISSFIINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/626574spcred/626574normThe latest Full Report from S&P1/18/2008 1:18:24 PMFull Report400global626574United Arab EmiratesMulti-line InsuranceEmerging MarketsEurope, Middle East, AfricaGlobal IssuersFinancial InstitutionsInsuranceFull ReportStrategically important subsidiary of Mashreqbank Strong operating performance Strong competitive position Marginal investment profile Weak enterprise risk management, especially investment risk management The ratings on composite insurer Oman Insurance Co. (PSC), based in the United Arab Emirates (UAE), reflect its strategic importance to its parent, UAE-based Mashreqbank (A/Stable/A-1), its strong operating performance, and its strong competitive position. Offsetting factors are its marginal investment profile and its weak enterprise risk management (ERM), especially investment risk management. Standard&Poor's Ratings Services views Oman Insurance as strategically important to its parent, Mashreqbank, and believes that it will therefore benefit from implicit group support. Oman Insurance is Mashreqbank's largest subsidiary and provides it with insurance products that fit well with Mashreqbank's intention toARE40301030 403010 4030 40Oman Insurance Co. (PSC)326531EMERGINGEUROMIDAFROMI@UHFULLGLOBISSFIINSCredit & Investment ResearchS&P Credit Research