AM Best Affirms Credit Ratings of Société Centrale de Réassurance afp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afp.com Daily Mail and Mail on Sunday newspapers.
The ratings do not include any lift or drag from the company’ s ownership by the nation of Algeria. The company has a moderate dependence on retrocession coverage, which is used to protect peak exposures, notably domestically in Algeria. The balance sheet strength assessment also factors in CCR’ s exposure to elevated and increasing levels of economic, political.
AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" (Good) of Compagnie Centrale de Réassurance (CCR) (Algeria). The outlook of these Credit
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" (Good) of Société Tunisienne de Réassurance