A.M. Best upgrades ARIG's rating

A.M. Best has upgraded the financial strength and credit ratings of the Bahraini reinsurer Arab Insurance Group (ARIG). The latter went respectively from "BB+" (good) to "A-" (excellent) and from "bbb+" to "a-". The outlook for both ratings is stable.

The rating agency has justified its new assessment by the solid balance sheet of the compagny and its good strategy of risk management.