AM Best
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Featured
AM Best Affirms Credit Ratings of Compagnie Algérienne des Assurances
AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of Compagnie Algérienne des Assurances (CAAT) (Algeria). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect CAAT’s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and marginal…
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Africa
Best’s Market Segment Report: Opportunities Arise for MENA Reinsurers Amid Divergent Economic Conditions
LONDON — Hardening reinsurance market conditions in the Middle East and North Africa, MENA, region, as well as changes in reinsurers’ appetites as to where they deploy their capital, have sustained the positive price momentum over recent renewal seasons, according to an AM Best report. The Best’s Market Segment Report, “Opportunities Arise for MENA Reinsurers Amid Divergent Economic Conditions,” notes that reinsurance…
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Africa
Best’s Market Segment Report: Sub-Saharan Africa Reinsurers Face Fresh Challenges as Performance Improves
LONDON — Steady growth in gross domestic product, together with international investment, has spurred the expansion of sub-Saharan Africa’s reinsurance market over the past decade, according to a new report from AM Best. The Best’s Market Segment Report, “Sub-Saharan Africa Reinsurance: Fresh Challenges for Reinsurers as Performance Improves,” notes that while a focus on local African risks has underpinned profitable underwriting results,…
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Africa
AM Best Extends Congratulations to African Insurance Organisation on 50th Anniversary Celebration
LONDON – AM Best would like to extend its congratulations to the African Insurance Organisation (AIO) on its 50th anniversary, which will be celebrated during the upcoming 48th annual AIO Conference and Annual General Assembly in Nairobi, Kenya. The weeklong conference begins on Saturday, 25 June 2022 with the theme of “Insurance and Climate Change: Harnessing the Opportunities for Growth…
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