GLOBAL PROPERTY & CASUALTY GROUP: AM Best has downgraded the FSR to B+ (Good) from A (Excellent) and the ICR to “bbb” from “a”. The Outlook is Negative. The rating action reflects a decline in underwriting profitability and weaker risk-adjusted capitalization due to catastrophe losses. [For the latest rating, access www.ambest.com]
We at IBN are committed to cover the insurance industry and give the complete picture of the insurance business topography across the world with particular focus on the Middle East and the Indian subcontinent. This we disseminate from the most authentic sources, the regulators, market practitioners, experts as well as from ground zero so that our readers can have a comprehensive understanding of the developments in the world of insurance.
© Insurance Business News by StratCom Global 2025