AM Best affirms rating of Arab War Risks Insurance Syndicate

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Arab War Risks Insurance Syndicate (AWRIS)AM Best has confirmed the "B++" (good) financial strength and "bbb+" (good) long-term credit ratings of Arab War Risks Insurance Syndicate (AWRIS). The outlook remains stable.

This decision was motivated by several factors, including:

  • a strong balance sheet, underpinned by a high level of risk-adjusted capitalization
  • excellent operating performance, reflected in a five-year (2018-2022) combined ratio of 64.6%, and an average return on equity of 6.7% for the same period
  • appropriate business risk management
  • AWRIS's strong position as an underwriter of marine war risks in the MENA region

Read also | War risk insurance

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Wed, 20/12/2023 - 10:21
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