Reinsurance gains lift Oman Re’s profit by 49%Oman Reinsurance Company SAOG’s first-half net profit after tax grew 49% year on year to 3 million Omani rial ($9 million), Reinsurance News reported. The company’s gross written premiums rose 28% to OMR47 million, while its combined ratio improved to 89% from 95% in the same period last year.