AM Best [4] has placed National Life & General Insurance Company's (NLGIC) financial strength rating of "B++" and long-term credit rating of "bbb+" under review with positive implications.
This decision follows the acquisition of 100% of the capital of RSA Middle East, a subsidiary of the British group Royal & Sun Alliance Insurance (RSA) by the Omani insurer [5].
The rating agency expects the transaction to have a positive impact on NLGIC's business profile.
The ratings will remain under review until the formal finalization of the operation scheduled for the third quarter of 2022.