A.M. Best Downgrades Ratings of Nomad Life Insurance Company JSC
A.M. Best has downgraded the financial strength rating to C++ from B- and the issuer credit rating to“ b+” from“ bb-” of Nomad Life Insurance Company JSC. Given this factor, A.M. Best does not consider there to be sufficient margins within Nomad Life’ s risk-adjusted capitalisation to support the risks inherent within its operation going forward. The ratings of Nomad Life…
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