AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Kuwait Reinsurance Company K.S.C.P. (Kuwait Re) (Kuwait). The outlook
LONDON - MAY 28, 2021 12:13 PM (EDT)
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Kuwait Reinsurance Company K.S.C.P. (Kuwait Re) (Kuwait). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Kuwait Re s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Kuwait Re s balance sheet strength is underpinned by its risk-adjusted capitalisation at the strongest level, as measured by Best s Capital Adequacy Ratio (BCAR). The company s balance sheet strength is supported by prudent reserving practices and sufficient liquidity to support operations. Capital consumption continues to be driven predominantly by underwriting risks, due to the company s high premium retention. A partially offsetting factor is Kuwait Re s investment portfolio, which although la
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Al Ahleia Insurance Company S.A.K.P. (Al Ahleia) (Kuwait). The outlook
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