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AM Best confirms ratings of gig-Bahrain and gig-Bahrain Takaful

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Magazine Issue: 
The insurance market consolidation in view of the post-Covid-19 [3]
Magazine date: 
Jul 2021

gigAM Best [4] has affirmed the "A-" financial strength and "a-" long-term credit ratings of the Bahrain Kuwait Insurance Company (gig-Bahrain) and its subsidiary Takaful International Company (gig-Bahrain Takaful). The outlook for both ratings is stable.

According to the rating agency, the insurer's operating performance is solid. The average combined ratio over the period 2016-2020 stands at 94.6%.

The rating also reflects the financial strength of the company's balance sheet, its neutral business profile and its appropriate enterprise risk management.

Fri, 24/09/2021 - 10:20

Source URL: https://www.atlas-mag.net/en/article/am-best-confirms-ratings-of-gig-bahrain-and-gig-bahrain-takaful

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