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Jordan: AM Best revises issuer credit rating outlook to 'Stable' for Middle East Insurance Co

The underwriting results of Middle East Insurance Company (MEICO) have been adequate in recent years, as evidenced by a five-year (2018-2022) weighted average combined ratio of 99.6% (as calculated by AM Best), according to the global credit rating agency.
The underwriting results of Middle East Insurance Company (MEICO) have been adequate in recent years, as evidenced by a five-year (2018-2022) weighted average combined ratio of 99.6% (as calculated by AM Best), according to the global credit rating agency.
Article / 17 days ago

Heightened macroeconomic challenges for sub-Saharan Africa's reinsurers

The declining creditworthiness of many African debt issuers has led to increased asset risk and will test the resilience of the continent's reinsurers' balance sheets, according to a new AM Best report.
The declining creditworthiness of many African debt issuers has led to increased asset risk and will test the resilience of the continent's reinsurers' balance sheets, according to a new AM Best report.
Article / 6 months ago

Africa: Domestic insurers look to credit ratings to win market share

One of the issues currently of concern to insurers across the African insurance market is how to use credit ratings to develop and reposition themselves for global competitiveness.
One of the issues currently of concern to insurers across the African insurance market is how to use credit ratings to develop and reposition themselves for global competitiveness.
Article / 9 months ago

MENA: War risk pool receives 'B++' Financial Strength Rating from AM Best on strong operating results

Bahrain-based Arab War Risks Insurance Syndicate (AWRIS) has a track record of strong operating performance, demonstrated by a 10-year (2012-2021) weighted average
Bahrain-based Arab War Risks Insurance Syndicate (AWRIS) has a track record of strong operating performance, demonstrated by a 10-year (2012-2021) weighted average
Article / 1 year ago

Qatar: Islamic insurer's surplus-generating ability sustains takaful model

Qatar Islamic Insurance Group (QIIG) employs a hybrid takaful model, whereby the shareholders' fund charges the policyholders' fund a wakala fee based on gross written contributions...
Qatar Islamic Insurance Group (QIIG) employs a hybrid takaful model, whereby the shareholders' fund charges the policyholders' fund a wakala fee based on gross written contributions...
Article / 2 years ago

UAE: Oman Insurance upgraded to 'A' on sustainable operating performance

S&P Global Ratings has raised its long-term issuer credit and insurer financial strength ratings on Dubai-headquartered Oman Insurance to 'A' from 'A-'. The outlook is 'Stable'...
S&P Global Ratings has raised its long-term issuer credit and insurer financial strength ratings on Dubai-headquartered Oman Insurance to 'A' from 'A-'. The outlook is 'Stable'...
Article / 2 years ago

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