State-backed Abu Dhabi Investment Council is weighing the sale of its nearly 24 percent stake in Abu Dhabi National Insurance Co. (ADNIC), with Allianz among groups showing initial interest in buying it, sources familiar with the matter said. If the …
A.M. Best Europe – Rating Services Limited has revised the outlook to stable from negative and affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of United Arab Emirates-based Oman Insurance Company P.S.C. The …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Bermuda-based MS Frontier Reinsurance Ltd., both with stable outlooks. MS Frontier is a wholly owned subsidiary of Mitsui Sumitomo Insurance Company, …
