AM Best confirms the rating of Société Centrale de Réassurance

Société Centrale de Réassurance (SCR)AM Best has affirmed the financial strength "B++" (good) and long-term credit "bbb" ratings of Société Centrale de Réassurance (SCR) with a stable outlook.

According to the rating agency, the Moroccan reinsurer's results are solid, with an average combined ratio of 91.7% over five years (2017-2021) and a return on equity (ROE) of 13.7%.

SCR's strong position in the Moroccan market partially offsets its limited presence in the global reinsurance market. In 2021, the company recorded 2.6 billion MAD (278.2 million USD) in written premiums, 75% of which were underwritten on the local market.

AM Best also commended the company's strong balance sheet and its appropriate enterprise risk management.

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