AM Best affirms A-Ratings of BKIC

By DT News Network. A .M. Best International yesterday affirmed the financial strength rating A- (Excellent) and the issuer credit rating of 'a-' of Bahrain Kuwait Insurance Company (BKIC), and the outlook for both ratings as stable. AM Best has also confirmed that the rating reflects BKIC's strong

Editorial Team Legacy

Published 18 November 2015, 8:00 · Updated 22:05

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A.M. Best International yesterday affirmed the financial strength rating A- (Excellent) and the issuer credit rating of ‘a-’ of Bahrain Kuwait Insurance Company (BKIC), and the outlook for both ratings as stable.

AM Best has also confirmed that the rating reflects BKIC’s strong risk- adjusted capitalisation, conservative investment strategy, excellent track record of technical profits in all classes of insurance, and strong presence in Bahrain market which is considered as the leading insurer in terms of gross written premiums.

Commenting on the move, Ebrahim Al Rayes, CEO of BKIC stated that we are pleased with this Credit Rating and it reflects the financial strength of the company and its ability to meet its obligations.

It is worth mentioning that BKIC is a member of Gulf Insurance Group (KSC) owned by Kuwait Projects Company and FairFax International.

Photo Caption: CEO Ebrahim Al Rayes

AM Best affirms A-Ratings of BKIC

Editorial Team Legacy

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