Jordan Daily - Gulf Insurance Group- (GIG Jordan) said on Monday that credit rating agency AM Best had affirmed its financial strength rating of (A-) and long-term issuer credit rating of A- for the company.
The ratings were affirmed on Oct. 8, the insurer said in a disclosure to the Amman Stock Exchange.
The ratings reflect the company's strong balance sheet, underwriting performance, risk management capabilities and capital adequacy, according to the disclosure, which cited AM Best's assessment.
AM Best also highlighted the company's positive investment performance and diversified investment portfolio, as well as its strong liquidity and financial flexibility.
The ratings also reflect support from parent company Gulf Insurance Group for GIG- Jordan and its strategic importance within the wider group.
