Arab Reinsurance Company: a new dimension
Home   |   Sitemap   |   Contact us
Follow us on
Is Climate Litigation Covered by Insurance? - Social Inflation or Science: What Is Fueling Climate Litigation? - Fortegra Europe Opens Branch in Czech Republic - Vantage launches Construction and Political risk business - UK Insurers Cautiously Willing to Underwrite Fire Safety Risks - Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada - Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P - Debt surge in emerging markets may hurt insurance outlook: Swiss Re - Zurich Insurance Weighs Selling Some Australian Non-Core Assets - Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds - Corvus, SiriusPoint announce investment & underwriting capacity partnership - Munich Re backs energy storage systems provider ESS - Climate Change Could Force 200 Million People to Leave Their Homes by 2050 - Work of the scientific community and re/insurers needed to assess climate change: Lloyd’s - Gallagher Re Touts Advanced Integrated Reinsurance Analytics Platform - London Financial Employees Return to Offices Despite Rising Virus Cases - P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter - Britain Looks to Revisit Data Privacy Regulations - WTW, Applied Systems target real-time pricing enhancements - Reinsurance environment “most attractive in a decade”: SCOR’s Launay - Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions - Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio - Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims - “Inflation is the enemy of the re/insurance industry,” says Swiss Re CFO Léger - Global Reinsurance Rates, Demand to Continue Rising in 2022: Moody’s - Prudential’s Michael Koller joins MS Amlin as Chief Risk Officer - Rates need to and will harden further: Swiss Re CEO Mumenthaler - Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters
Search Search
World News & Events
Enlarge Font Minimize Font

S&P confirms Stable Outlook for Oman Ins. Company

Monday, 07 29 2019, Category: Rating, Country: U.A.E
S&P Global Rating has reaffirmed the ‘A-’ Stable Outlook rating for Oman Insurance Company, acknowledging the strong creditworthiness of the leading listed insurer in the UAE, with capital adequacy above the ‘AAA’ level being robust and sufficient to support its business growth and diversification plans.

The company’s liquidity position remarkably improved to ‘exceptional’ from ‘very strong’ due to efforts made in de-risking the investment portfolio. Further, the company had drastically reduced its bank borrowings by year-end 2018, with all borrowings completely paid-off by the first half of 2019.

Oman Insurance Company provides a wide range of comprehensive insurance solutions for individuals and commercial clients in life, healthcare and general insurance. Oman Insurance has retained its UAE market-leading position with a gross premium written of AED3.7 billion in 2018. The company leverages its longstanding relations with prominent international insurers and reinsurers to support its business growth and diversification plans.

Source: Times of Oman
All copyrights reserved, Arab Reinsurance 2016 ©