UAE – Excellent rating for 7 insurers
Monday, 06 18 2018, Category: Rating, Country: U.A.E
Seven local insurance companies obtained a rating of “A”, which is granted for companies that have an excellent capacity to honor their liabilities. This proves their credit rating according to the rating agency “A. M. Best”, which is specialized in rating insurance and reinsurance companies and that covers 13 local companies in the UAE.
Moreover, three companies obtained a rating of BBB, which is granted for companies that have a good financial strength whereas three other companies obtained a rating of BB, which is granted to companies that have a fair financial strength.
Source: Al Roeya - UAE