AM Best Affirms Credit Ratings of Bahrain Kuwait Insurance and Takaful International Company

AM Best, a US-based credit rating agency, has affirmed Bahrain Kuwait Insurance’s (gig-Bahrain) Financial Strength Rating of A- (Excellent) and its Long-Term Issuer Credit Ratings of ‘a-‘, as well as its subsidiary, Takaful International Company (gig-Bahrain Takaful), both of which are based in Bahrain, with a Stable Outlook.

The ratings reflect the robust strength of gig-Bahrain’s balance sheet, its sturdy operating performance, neutral business profile as well as appropriate enterprise risk management, which was underpinned by a strong risk-adjusted capitalisation. AM Best’s ratings also take into consideration the financial prowess of Gulf Insurance Group, which is gig-Bahrain’s pa...