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AM Best Downgrades Issuer Credit Rating of Al-Sagr National Insurance Company P S C

AM Best has downgraded the Long-Term Issuer Credit Rating to“ bb” from“ bb+” and affirmed the Financial Strength Rating of B of Al-Sagr National Insurance Company P.S.C.. The outlook of these Credit Ratings has been revised to negative from stable. The Long-Term ICR downgrade reflects the ongoing erosion of ASNIC’ s capital base following an AED 39.2 million net.

AM Best Affirms Credit Ratings of Misr Life Insurance Company

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "bbb" (Good) of Misr Life Insurance Company (MLIC) (Egypt). The outlook of

AM Best Affirms Credit Ratings of Misr Life Insurance Company

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Misr Life Insurance Company. MLIC is the life insurance subsidiary of Misr Insurance Holding Company. Despite the company’ s relatively conservative investment allocation by asset class, AM Best considers the quality of MLIC’ s assets to be weak given the.

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