AM Best affirms Qatar Insurance Company and Antares Re ratings

AM Best has confirmed the "A-" (Excellent) financial strength and "a-" (Excellent) long-term credit ratings of Qatar Insurance Company (QIC) and its Bermudan subsidiary Antares Re. The outlook is stable.

The rating agency's decision is motivated by the Qatari group's strong balance sheet, adequate operating performance, neutral business profile and appropriate enterprise risk management.

Antares Re's rating reflects its strategic importance for its parent company QIC.