A.M. Best Affirms the “B++” Ratings to ARABIA Insurance Company s.a.l.
In a difficult socio-economic environment, ARABIA aims to give its customers a high level of financial security, and to keep being a more responsive and customer centric organization, meeting by such its customers’ expectations and, hopefully one day, exceeding them.
ARABIA is pleased to announce that A.M. Best Europe – Rating Services Limited has affirmed the “FSR” - Financial Strength Rating of B++ (Good) and the Long-Term “ICR” - Issuer Credit Rating of “bbb” with stable outlook, to Arabia Insurance Company s.a.l. (AIC) (Lebanon). The outlook for FSR remains stable.
The ratings are supported by the company’s adequate level of risk-adjusted capitalization together with a well-diversified business profile across the Middle East. Offsetting ratings factors remain the company’s concentrated investment portfolio and the high level of economic political risk associated with operating in Lebanon.
Our main vision is maintaining a robust Arabia and building it towards a leading position in the Arab insurance market.
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