The ratings reflect Adamjee’s adequate risk-adjusted capitalisation, robust, albeit volatile operating results and strong business profile in
Adamjee’s risk-adjusted capitalisation remained adequate and stable in 2015, with growth in underwriting and investment risks sufficiently absorbed by the company’s expanding capital base, which increased by 11.1% to
During 2015 and the first nine months of 2016, Adamjee generated robust operating results and reported pre-tax profits of
Adamjee maintains a strong business profile in its domestic market, leveraging its position as one of the oldest insurers in
An offsetting rating factor remains the high level of economic and political risk associated with operating in
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