A.M. Best Europe – Rating Services Limited has withdrawn the financial strength rating of ‘B’ (Fair) and the issuer credit rating of “bb” of Arab Union Reinsurance Company (AURe), which is based in Syria.
Best explained that the “withdrawal is a result of international countries placing targeted financial sanctions on the Libyan government, which is a 50 percent owner of the company.”
Source: A.M. Best
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