Moody's on May 29 assigned an A3 insurance financial strength rating to Saudi Arabia-based Chubb Arabia Cooperative Insurance Co.
The outlook on the company, which is 30%-owned by Chubb Ltd., is stable.
The rating reflects the good stand-alone financial fundamentals of Chubb Arabia's operations, along with the one-notch support stemming from its affiliation to Chubb, Moody's said.
The outlook reflects the agency's expectation that Chubb Arabia will be able to maintain its robust profitability and capital adequacy.
