Arab insurance group rating
AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to bbb from bbb+ and affirmed the Financial Strength Rating (FSR) B++ (Good) of Arab Insurance Group (B.S.C.) (Arig) (Bahrain). The outlook of the FSR has been revised to negative from stable while the outlook of the Long-Term ICR remains negative. LONDON--(BUSINESS WIRE)-- AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating (FSR) B++ (Good) of Arab Insurance Group (B.S.C.) (Arig) (Bahrain). AM Best has downgraded Arab Insurance Group following discovery of fraud at the Bahraini re/insurer. The company took provisions of £21m after fraud was discovered within its Gulf Warranties (GW) subsidiary in the first half of 2018. The rating agency cut its financial strength rating for Arig from “A-” to “B++”, Standard and Poor’s decision follows a resolution by the parent company, Arab Insurance Group BSC (ARIG) to assume the reinsurance operations and all of the assets and liabilities of Arig Re as of October 1, 2001. At the time of the withdrawal, the ratings on Arig Re were on CreditWatch with positive implications.
9 Aug 2019 AM Best Upgrades Issuer Credit Rating of Arab Misr Insurance Group S.A.E.. August 09, 2019 11:18 AM Eastern Daylight Time.
Standard and Poor’s decision follows a resolution by the parent company, Arab Insurance Group BSC (ARIG) to assume the reinsurance operations and all of the assets and liabilities of Arig Re as of October 1, 2001. At the time of the withdrawal, the ratings on Arig Re were on CreditWatch with positive implications. KSA - Buruj’s net profit declines 79% in FY2019 - KSA - Al-Etihad Ins. board to withhold dividend for 2019 - Kuwait MoI allow car owners to renew ins. without inspection - UAE - ADNIC shareholders approve 30% cash dividends - KSA - Electronic payment is mandatory in early April 2020 - UNESCO to develop ethics for Artificial Intelligence - Moody’s takes rating actions on 7 Omani banks - Two AM Best Withdraws Credit Ratings of Arab Insurance Group (B.S.C.) By Published: Mar 28, 2019 1:22 p.m. ET. Share AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb Euro Arab Insurance Group analyst ratings, historical stock prices, earnings estimates & actuals. AMMI.JO updated stock price target summary. For credit ratings that are derived exclusively from an existing credit rating of a program, series, category/class of debt, support provider or primary rated entity, or that replace a previously assigned provisional rating at the same rating level, Moody’s publishes a rating announcement on that series, category/class of debt or program as a A.M. Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to“ bbb+” from“ a-” of Arab Insurance Group. The outlook of the Long-Term ICR November 22, 2019 | AM Best Affirms Credit Ratings of Evergreen Insurance Company Limited; November 22, 2019 (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “a-” of Arab Insurance Group (B.S.C.) (Arig) (Bahrain). The outlook of the Long-Term ICR has been revised to negative from stable. The outlook
AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to bbb from bbb+ and affirmed the Financial Strength Rating (FSR) B++ (Good) of Arab Insurance Group (B.S.C.) (Arig) (Bahrain). The outlook of the FSR has been revised to negative from stable while the outlook of the Long-Term ICR remains negative.
AM Best has downgraded Arab Insurance Group following discovery of fraud at the Bahraini re/insurer. The company took provisions of £21m after fraud was discovered within its Gulf Warranties (GW) subsidiary in the first half of 2018. The rating agency cut its financial strength rating for Arig from “A-” to “B++”, Standard and Poor’s decision follows a resolution by the parent company, Arab Insurance Group BSC (ARIG) to assume the reinsurance operations and all of the assets and liabilities of Arig Re as of October 1, 2001. At the time of the withdrawal, the ratings on Arig Re were on CreditWatch with positive implications. KSA - Buruj’s net profit declines 79% in FY2019 - KSA - Al-Etihad Ins. board to withhold dividend for 2019 - Kuwait MoI allow car owners to renew ins. without inspection - UAE - ADNIC shareholders approve 30% cash dividends - KSA - Electronic payment is mandatory in early April 2020 - UNESCO to develop ethics for Artificial Intelligence - Moody’s takes rating actions on 7 Omani banks - Two AM Best Withdraws Credit Ratings of Arab Insurance Group (B.S.C.) By Published: Mar 28, 2019 1:22 p.m. ET. Share AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb Euro Arab Insurance Group analyst ratings, historical stock prices, earnings estimates & actuals. AMMI.JO updated stock price target summary. For credit ratings that are derived exclusively from an existing credit rating of a program, series, category/class of debt, support provider or primary rated entity, or that replace a previously assigned provisional rating at the same rating level, Moody’s publishes a rating announcement on that series, category/class of debt or program as a
LONDON--(BUSINESS WIRE)-- AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating (FSR) B++ (Good) of Arab Insurance Group (B.S.C.) (Arig) (Bahrain).
Euro Arab Insurance Group analyst ratings, historical stock prices, earnings estimates & actuals. AMMI.JO updated stock price target summary. For credit ratings that are derived exclusively from an existing credit rating of a program, series, category/class of debt, support provider or primary rated entity, or that replace a previously assigned provisional rating at the same rating level, Moody’s publishes a rating announcement on that series, category/class of debt or program as a
AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to bbb from bbb+ and affirmed the Financial Strength Rating (FSR) B++ (Good) of Arab Insurance Group (B.S.C.) (Arig) (Bahrain). The outlook of the FSR has been revised to negative from stable while the outlook of the Long-Term ICR remains negative.
For credit ratings that are derived exclusively from an existing credit rating of a program, series, category/class of debt, support provider or primary rated entity, or that replace a previously assigned provisional rating at the same rating level, Moody’s publishes a rating announcement on that series, category/class of debt or program as a
SALAMA Islamic Arab Insurance Company - Car, Home, Travel, Health & More. A.M. Best Affirms Credit Ratings of ARABIA Insurance Company s.a.l.. AM Best has commented that the Financial Strength Rating of B++ (Good) and the 14 Jan 2020 Rating (690); Registered Land (767); Road Traffic (1,116); Scotland (16,733); Stamp Duty (114); Taxes – Other (2,108)