UAE - AM Best Revises Outlooks to Stable for Oman Ins. Company
Saturday, 04 18 2020, Category: Rating, Country: U.A.E
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Oman Insurance Company P.S.C. (OIC) (United Arab Emirates) (UAE).
The ratings reflect OIC’s balance sheet strength, which AM Best categorises as very strong, as well as its strong operating performance, neutral business profile, and appropriate enterprise risk management. The revision of the outlooks to stable follows the strong corrective actions implemented by management on insurance and investment operations and AM Best’s expectation that these actions will lead to sustained strong performance.
Source: Business Wire