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A.M. Best Withdraws Credit Ratings of Gulf Reinsurance Limited


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A.M. Best Withdraws Credit Ratings of Gulf Reinsurance Limited

A.M. Best has affirmed the Financial Strength Rating of A-(Excellent) and the Long-Term Issuer Credit Rating of "a-" of GulfReinsurance Limited (Gulf Re) (United Arab Emirates), the wholly-ownedsubsidiary of Arch ReinsuranceLtd. (Arch Re), which is ultimately owned by (Arch). Theoutlook of these Credit Ratings (rating) is stable. 

Concurrently, A.M. Best has withdrawn the ratings as thecompany has requested to no longer participate in A.M. Best's interactiverating process. 

Gulf Re ceased accepting new business as at 1 November 2016.The Dubai-based company operated as a specialist reinsurer, underwriting aportfolio of largely short-tailed risks derived from the Gulf CooperationCouncil countries, with gross written premiums of USD 42 million in 2015.