 |
Munich Re remains world’s largest reinsurer: AM BestMunich Reinsurance Company holds onto the top spot in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2022, followed again by Swiss Re. The two global reinsurers together account for one quarter of the top 50 reinsura More… |
 |
AM Best affirms ‘A’ Excellent rating to GIG GulfGIG Gulf, a leading insurance provider in Mena, said that AM Best affirmed its Financial Strength Rating (FSR) of “A” (Excellent) and Long-Term Issuer Credit Rating (Long-Term ICR) of “A” (Excellent), for the second year More… |
 |
Market readiness for IFRS 17 in Mena varies: AM BestThe level of preparedness in the Mena region for IFRS 17 varies significantly by country and by insurer, ahead of the standard’s effective date of January 1, 2023, said global credit rating agency AM Best in a new report. Al More… |
 |
Insurance House maintains credit ratingAbu Dhabi’s Insurance House, a provider of insurance products, has maintained its Financial Strength of “B+” (Good) and Long-Term Issuer Credit Rating of “BBB-“ with a stable outlook for both; by AM Best, a global c More… |
 |
Covid ‘could aggravate Bahrain’s insurance market’Covid-19-driven financial market volatility is expected to negatively impact solvency levels of Bahraini insurers this year, adding to the challenges faced by the kingdom’s (re)insurance sector, said global credit rating agency AM Best in More… |
 |
GCC insurance markets outlook turns negative: studyEconomic downturn across the region stemming from lower oil prices and Covid-19 containment measures is among key factors that drive the outlook on GCC insurance markets to negative, said credit rating agency AM Best in a new report. More… |
 |
Impact of low oil price and Covid-19 on GCC insurersThe insurance markets of GCC countries will feel the effect of lower oil prices and a Covid-19-driven reduction in economic activity on both underwriting and assets, said AM Best, a global provider of data services for the insurance industry. More… |
 |
UAE insurers maintain earnings pace: AM BestThe insurance market of the UAE continued its earnings momentum in 2018 to post a second consecutive year of bumper profits, said US-based credit rating agency AM Best in a new report. AM Best’s analysis of the preliminary d More… |
 |
Breaking the reliance on the Qard’ HasanAs competitive market conditions create significant underwriting losses in the (re)takaful sector, many operators based in the Mena region have become dependent on the Qard’ Hasan, according to a new briefing by A.M. Best. H More… |
 |
Solidarity Bahrain gets AM Best’s positive ratingSolidarity Bahrain, a leading insurance group, has been assigned the financial strength rating of B++ (Good) with a stable outlook and issuer credit rating of “bbb” with a positive outlook from international rating agency A.M. Best. More… |
