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Article: MOODY'S ASSIGNS A3 IFSR TO AL-AIN AHLIA INSURANCE CO
- Article from:
- Info-Prod Research (Middle East)
- Article date:
- September 17, 2009
CopyrightCopyright 2009 Info-Prod Research (Middle East). Provided by ProQuest LLC. (Hide copyright information)
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Moody's Investors Service has today assigned a first-time
insurance financial strength rating (IFSR) of A3 to Al-Ain Ahlia
Insurance Co, which is based in Abu Dhabi in the United Arab
Emirates. The rating outlook is stable. Al-Ain Ahlia was created in
1975 and is one of the principal insurance companies operating in
the Emirate of Abu Dhabi. Al-Ain Ahlia offers a wide range of non-
life insurance lines to companies and individuals in Abu Dhabi, with
a particular focus on providing property, engineering, oil & gas and
motor insurance to the major state-sponsored and private commercial
enterprises. In 2008, Al-Ain Ahlia recorded gross written premia of
AED696 million (US$189 million) and had ...