Abu Dhabi – January 24, 2022 – Insurance House P.J.S.C (IH) has maintained its Financial Strength of “B+” (Good) and Long-Term Issuer Credit Rating of “BBB-“ with a stable outlook for both; by AM Best, the international credit rating agency.
According to IH’s Financial Strength Rating (FSR) and Issuer Credit Rating (ICR), this credit rating reveals financial strength in terms of strong liquidity level, a strong balance sheet, adequate operating performance, and marginal enterprise risk management (ERM).
Mohammed Abdulla Alqubaisi, Chairman of Insurance House, commented: “We are proud to have Insurance House maintain its credit ratings, and we acknowledge the company’s robust business plan and efficient execution of operations that have promised a prosperous future of growth and continued success”.
Alqubaisi added: “These maintained ratings are a reflection of the company’s strong level of liquidity to support its insurance obligations, excellent financial flexibility, proper execution of strategic initiatives to stabilize day-to-day operations, and committed and experienced senior management team”.
“Insurance House’s credit rating by the international AM Best has and will continue to reinforce existing business relationships while making way for new global relationships founded on the basis of superior service quality”, concluded Alqubaisi.