LONDON -Wednesday, December
(BUSINESS WIRE)-- A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” of The Bahrain National Insurance Company BSC (c) (BNI) (Bahrain). The
The ratings reflect BNI’s balance sheet strength, which is
BNI’s very strong balance sheet is underpinned by risk-adjusted
BNI has a track record of strong operating and technical profitability, illustrated by a five-year average (2012-2016) return on equity of 14% and
With an estimated 15% market share in 2016, BNI has a leading position in its domestic insurance market, with a strongly established franchise in the motor line of business. Whilst benefitting from a strong brand and good reputation locally, the company remains concentrated
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
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Contacts
A.M. Best
Borja Cubillo, +44 20 7397 0306
Financial Analyst
borja.cubillo@ambest.com
or
Ghislain Le Cam, CFA, FRM, +44 20 7397 0268
Director, Analytics
ghislain.lecam@ambest.com
or
Christopher Sharkey, +1 908 439 2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1 908 439 2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com
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