A.M. Best Upgrades Issuer Credit Rating of Al Ittihad Al Watani
The ratings reflect Al Ittihad’s balance sheet strength, which
Al Ittihad’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), is considered as very strong. Although it weakened over 2017, in line with expectations as a result of increased underwriting risks and catastrophe exposure,
Al Ittihad has a recent history of poor operating performance stemming from losses arising in
Al Ittihad’s business profile assessment reflects its market position as a mid-tier player in the highly competitive
Al Ittihad’s ERM assessment reflects steps taken by management to strengthen the risk management and governance framework over 2017. However,
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180608005552/en/
+44 20 7397 0285
Senior Financial Analyst
[email protected]
or
+44 20 7397 0268
Director, Analytics
[email protected]
or
Manager, Public Relations
[email protected]
or
Director, Public Relations
[email protected]
Source:
Low Credit Score And What It Really Means According To National Debt Relief
Pet Insurance Market Global Outlook 2018-2023: Petplan, Nationwide, Trupanion, Hartville, Anicom Holding
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News