A.M. Best affirms the A- rating of Kuwait Re

Kuwait ReA.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Kuwait Reinsurance Company with a stable outlook.

The agency’s rating is based on the balance sheet strength, the quality of the operating performance, the neutrality of the business profile and the efficiency of the company’s risk management. A.M Best has also acknowledged the company’s suitable capitalization, its good profitability and the decrease of the volatility of the technical results.

According to A.M. Best, Kuwait Re's portfolio is well-diversified geographically and by class of business.

Read also | Kuwait Re publishes its 2018 results

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