A.M. Best affirms B+ rating of Arab Re
Friday, 12 22 2017, Category: Insurance and Reinsurance, Country: Lebanon
A.M. Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Arab Reinsurance Company S.A.L. (Arab Re) (Lebanon). The outlook of these Credit Ratings (ratings) remains stable.
The ratings reflect Arab Re’s balance sheet strength, which A.M. Best categorises as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management.
Arab Re’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), remains at the strongest level, reflective of the company’s low underwriting