-

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 Affirms Credit Ratings of Chubb Seguros Panama S.A.

MEXICO CITY--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Rating of “aa+” (Superior) of Chubb Seguros Panama S.A. (Chubb Panama) (Panama City, Panama). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Chubb Panama’s strategic importance as a subsidiary of Chubb Limited (Chubb), which on a consolidated basis has a balance sheet strength that AM Best assesses at the strongest level, as well as its...

AM Best Affirms Credit Ratings of Chubb Limited and Its Subsidiaries

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of the grouped subsidiaries of Chubb Limited (Chubb) (Zurich, Switzerland) [NYSE: CB]. These include Chubb’s rated U.S., Canada, Bermuda, Europe and Panama-based insurance and reinsurance subsidiaries (collectively Chubb Group of Insurance Companies, or Chubb Group). Concurrently, AM Best has affirmed the Long-Term...

AM Best Affirms Credit Ratings of Barents Re Reinsurance Company, Inc. and Its Affiliate

MEXICO CITY--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Barents Re Reinsurance Company, Inc. (Barents Re) (Cayman Islands) and its affiliate, Barents Reinsurance S.A. (Barents Re Lux) (Luxembourg). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Barents Re’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, ne...
Back to Newsroom