Manama: Bahrain's Arab Insurance Group is in discussions to take full ownership of Dubai-based Islamic reinsurer Takaful Re, as regulatory moves add pressure on firms in the overcrowded Gulf insurance sector to consolidate.
ARIG is discussions to buy the remaining 46 per cent of shares it doesn't already own in Takaful Re, subject to shareholder and regulatory approval, the firm said in a bourse filing .
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