trending Market Intelligence /marketintelligence/en/news-insights/trending/KxqOF5cxjWL4eYGLFoz0tw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

A.M. Best Upgrades Credit Ratings of Arab Insurance Group (B.S.C.)

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did


A.M. Best Upgrades Credit Ratings of Arab Insurance Group (B.S.C.)

A.M. Best has upgraded the Financial Strength Rating to A-(Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to"a-" from "bbb+" for Arab Insurance Group (B.S.C) (Arig) (Bahrain). Theoutlook of these Credit Ratings (ratings) has been revised to stable frompositive.

The rating upgrades reflect Arig's ability to takestrategic decisions to eliminate underperforming business segments and optimiseits business profile to generate stronger prospective earnings. The measurestaken by management have resulted in improved technical performance, with Arigdelivering a 90% combined ratio in the first three quarters of 2016. Theratings also consider Arig's solid balance sheet strength and sound risk managementframework.

Arig maintains a strong brand name in the Middle East andNorth African reinsurance market, built upon the company's excellent reputationand its long-standing relationships with cedants. In addition, the companybenefits from its exposure to the Lloyd's market via its investment in ArigCapital Limited (a corporate member at Lloyd's). Participation in Lloyd'ssyndicates that focus on specialty lines represents just over one-third of thecompany's gross written premium. The majority of Arig's reinsurance portfoliois written on a treaty basis and is not heavily exposed to naturalcatastrophes. Going forward, the composition of Arig's underwriting portfoliois not expected to change materially; however, moderate increases infacultative business are anticipated as the company looks to target highermargin products. Additionally, following a shareholder decision, (Takaful Re), asubsidiary of the company, ceased underwriting from the fourth quarter of 2015,and its insurance portfolio has been put into runoff. A.M. Best believes thisdecision will allow Arig to focus its strategy on its core segments and highermargin business lines, improving underwriting profitability.