DUBAI, UAE: AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) to Abu Dhabi National Insurance Company P.J.S.C. (ADNIC).
The outlook assigned to these Credit Ratings is stable.
Abu Dhabi National Insurance Company has been assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a” (Excellent) with a stable outlook by ratings agency AM Best.
The AM Best’s rating underscores ADNIC’s underlying financial strength and track record of success and stability over many years. This follows the strong performance witnessed across our operations in the first half of 2021.
“As we approach our 50th year of operations, ADNIC will continue to maintain its competitive advantage through a clear strategy, underwriting discipline, operational excellence and a diversified investment portfolio,” a statement noted.
Earlier in the year, ADNIC’s credit rating has been upgraded from “A-“to “A” with a stable outlook by Standard & Poor’s (S&P).