Saudi Reinsurance Company “Re” said today Sunday that it has maintained a financial strength rating of (AA +) from the rating agency SIMAH, “rating” with a stable outlook.
In a statement on Saudi Tadawul, “King” said he had obtained the classification in based on several factors, including the company’s low level of risk, the strength of its financial position, improved operational performance, diversification of the asset portfolio and sound institutional risk management.
He pointed out that the classification took into account the company’s growing market share, brand strength and competitive advantages in the Kingdom market, as well as its growing presence in the target markets. in Asia and Africa and in the Lloyd’s market “the insurance market in the financial district of the British capital, London.”
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