Best Affirms International General’s Ratings
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-’ and the issuer credit rating of “a-” of Bermuda-based International General Insurance Company Limited , and the ICR of “bbb-” of International General Insurance Holdings Limited , which is based in the United Arab Emirates. The outlook for all of the ratings remains stable.
The ratings reflect IGI’s “strong risk-adjusted capitalization, its improved technical profitability, which is expected to stabilize following business restructuring, conservative investment strategy and its developing risk management framework,” Best explained. “The ratings also t
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