-

Best's Market Segment Report: Opportunities Arise for MENA Reinsurers Amid Divergent Economic Conditions

LONDON--(BUSINESS WIRE)--Hardening reinsurance market conditions in the Middle East and North Africa region, as well as changes in reinsurers’ appetites as to where they deploy their capital, have sustained the positive price momentum over recent renewal seasons, according to an AM Best report.

The Best’s Market Segment Report, “Opportunities Arise for MENA Reinsurers Amid Divergent Economic Conditions,” notes that reinsurance capacity in the region continues to be highly changeable and dynamic against a backdrop of divergent economic conditions across the region for oil-exporting and oil-importing countries.

AM Best analysts also state that operational challenges and deteriorating country risk landscapes in several countries in the region have weighed negatively on their view of the financial strength of the reinsurers domiciled and operating in these countries. While several companies have experienced Long-Term Issuer Credit Rating downgrades over the past year, on the whole, MENA reinsurers rated by AM Best tend to demonstrate risk-adjusted capitalisation assessed at the strongest level, which is reflective of significant capital buffers relative to their operational exposures.

To access a complimentary copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=325008.

For additional global reinsurance-related reports, including AM Best’s annual ranking of the Top 50 global reinsurance groups and in-depth looks at the insurance-linked securities, Lloyd’s, life reinsurance and regional reinsurance markets, please visit Best’s Research.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. 

Contacts

Emily Thompson
Financial Analyst
+44 20 7397 0291
emily.thompson@ambest.com

Richard Banks
Director, Industry Research – EMEA
+44 20 7397 0322
richard.banks@ambest.com

Alex Rafferty
Associate Director, Analytics
+44 20 7397 0312
alex.rafferty@ambest.com

Edem Kuenyehia
Director, Market Development & Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com

AM Best


Release Versions
Hashtags

Contacts

Emily Thompson
Financial Analyst
+44 20 7397 0291
emily.thompson@ambest.com

Richard Banks
Director, Industry Research – EMEA
+44 20 7397 0322
richard.banks@ambest.com

Alex Rafferty
Associate Director, Analytics
+44 20 7397 0312
alex.rafferty@ambest.com

Edem Kuenyehia
Director, Market Development & Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com

Social Media Profiles
More News From AM Best

AM Best Places Credit Ratings of Jet Insurance Company Under Review With Developing Implications

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Jet Insurance Company (Jet) (Charlotte, NC), following the close of the acquisition of Jet by Amherst Specialty Insurance Company (ASIC) on Dec. 15, 2025. Jet provides property/casualty coverage, primarily surety bonds, in the admitted market and is joining ASIC as a 100% wholly owned subsidiary...

December Issue of Best’s Review Ranks Top 25 US Ocean Marine and Inland Marine Writers and More

OLDWICK, N.J.--(BUSINESS WIRE)--The December issue of Best’s Review includes the following exclusive rankings: Top 25 United States: Ocean Marine Writers Inland Marine Writers Fire and Allied Writers Allied Lines (Total) Writers Property Catastrophe Risk Writers All Other Lines Writers Top 25 U.S. Products Liability: Occurrence Writers Claims-Made Writers Total Writers Top 25 U.S. Commercial Multiperil: Non-Liability Writers Liability Writers Total Writers Top 25 U.S. Property/Casualty: All Ind...

AM Best Places Credit Ratings of Vantage Risk Ltd. and Its Affiliates Under Review With Developing Implications

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Vantage Risk Ltd. (Bermuda) and its affiliates, Vantage Risk Specialty Insurance Company and Vantage Risk Assurance Company (both domiciled in Wilmington, DE), which do business as Vantage Group. These Credit Ratings (ratings) reflect Vantage Group’s balance sheet strength, which AM Best assess...
Back to Newsroom