Fitch Ratings grants Moroccan reinsurer Societe Centrale de Reassurance (SCR) Local Triple A Rating with a Stable Outlook
Commenting on the rating,
In this context, Fitch Ratings considers SCR’s underwriting performance to be good; Fitch also views positively the commitment from SCR, through its strategic transformation strategy “STRONG II”, to develop Facultative Reinsurance as a source for future revenues and profitability.
The rating granted by Fitch Rating services to SCR is amongst the highest and strongest rating assigned to a domestic institution. SCR entertains business relationships with over 300 clients in 50 countries.
About SCR
Societe Centrale de Reassurance was created in 1960 through a convention between the state and the Caisse de Dépôts et de Gestion (CDG), renewed and updated in 2000. SCR is the leader of the Moroccan reinsurance market, and acts as institutional investor by contributing to withholding premiums in the domestic market. Furthermore, SCR undertook an ambitious diversification strategy based on international growth in
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SCR
Email : [email protected]
Source: SCR
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