Tuesday 16 October 2018
 
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AM Best

Breaking the reliance on the Qard’ Hasan

As competitive market conditions create significant underwriting losses in the (re)takaful sector, many operators based in the Mena region have become dependent on the Qard’ Hasan, according to a new briefing by A.M. Best. H

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Solidarity Bahrain gets AM Best’s positive rating

Solidarity Bahrain, a leading insurance group, has been assigned the financial strength rating of B++ (Good) with a stable outlook and issuer credit rating of “bbb” with a positive outlook from international rating agency A.M. Best.

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GCC firms 'under pressure over insurance of high-rises'

Insurers in GCC markets are coming under pressure to increase retention levels for high-rise buildings to demonstrate their alignment of interests with those of reinsurers, according to new research by AM Best, one of the world’s oldest an

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GCC firms 'under pressure over insurance of high-rises'

Insurers in GCC markets are coming under pressure to increase retention levels for high-rise buildings to demonstrate their alignment of interests with those of reinsurers, according to new research by AM Best, one of the world’s oldest an

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BKIC boost as ratings affirmed

Ratings agency AM Best International has affirmed the financial strength rating A- and the issuer credit rating of “a-” of Bahrain Kuwait Insurance Company (BKIC), with stable outlook for both ratings. In a statement, AM Best said

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Trust Re to get boost from ratings upgrade

An A- rating from AM Best and Standard & Poor’s has enabled Trust Re to get business that would have been unavailable otherwise, according to the Bahrain-based reinsurance firm’s risk committee chairman Derek Atkins.

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Challenges for Abu Dhabi as a new insurance hub

The Middle Eastern insurance market is already well served by three hubs, and A.M. Best, a provider of news, credit ratings and financial data products and services for the insurance industry, expects the establishment of another in the UAE woul

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Bahrain insurance market ‘set to grow’

Bahrain has maintained its position as a key insurance hub and continues to post growth in its insurance market despite a prolonged period of political turbulence, said a new report. Prior to the social unrest, Bahrain’s ins

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AM Best opens new office in Dubai

Leading international ratings agency, AM Best Company, has opened a new office at the Dubai International Finance Centre (DIFC). The new office, located in Tower two, Currency House, DIFC, will operate as AM Best Mena, South & Central

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AM Best to open office in DIFC

AM Best, a leading insurance and credit ratings firm, has obtained approvals to establish an office within the Dubai International Financial Centre (DIFC) in Dubai. The new office will operate as AM Best Mena, South & Central Asia, ser

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