|
|
Article: A.M. Best Revises Outlook to Positive and Affirms Ratings of Arab Orient Insurance Company.
- Article from:
- Health & Beauty Close-Up
- Article date:
- June 5, 2009
CopyrightCOPYRIGHT 2009 Close-Up Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B+ (Good) and issuer credit rating of "bbb-" of Arab Orient Insurance Company (Arab Orient) (Jordan).
The ratings reflect Arab Orient's strong risk-adjusted capitalisation, leading business position in its domestic market and good operating performance. Offsetting factors include its significant reliance on reinsurance given its low retention levels.
The positive outlook reflects the company's continued improving risk-adjusted capitalisation, combined with its ability to consistently grow its business while improving underwriting profitability. ...