LONDON: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Bahrain Kuwait Insurance Company. The outlook of these Credit Ratings (ratings) remains stable. The ratings reflect Bahrain Kuwait Insurance’s balance sheet strength, which AM Best categorises as very strong, as well as its strong…
Category: Ratings
Corporate Ratings, Insurance Ratings, S&P, Moody’s, Fitch
Financial strength ratings of Russian Reinsurance Company affirmed
LONDON: AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” of Russian Reinsurance Company JSC. The outlook of these Credit Ratings remains stable. The ratings reflect Russian Re’s balance sheet strength, which AM Best categorises as strong, as well as its adequate operating performance, limited…
Londonmetric purchases a regional distribution warehouse for £18 million
LONDON: LondonMetric Property has purchased a south coast regional distribution warehouse for £17.8 million, reflecting a NIY of 9.0%. The 298,600 sq ft warehouse is located in Bognor Regis along the new bypass, four miles from the A27. It is let for a further two years at a rent of £1.7 million pa to John…
AM Best affirms financial strength rating of Emirates Insurance
OLDWICK: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Emirates Insurance Company (EIC). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect EIC’s balance sheet strength, which AM Best categorises as very strong, as well as its strong operating performance,…
Henry Boot secures second stage of £180 million regeneration project
LONDON: Henry Boot PLC, a company engaged in land promotion, property investment and development, and construction, announces that its subsidiary, Henry Boot Construction Limited has signed a contract with Barnsley Council to deliver Phase 2 of The Glass Works development scheme. The Glass Works Phase 2 is the second stage of a £180 million regeneration…
More than 70% of units in CapitaLand’s and ParkCity’s JV residential development in Kuala Lumpur sold
SINGAPORE: Park Regent, CapitaLand’s joint venture residential development with Malaysia’s ParkCity Group, achieved strong sales at its priority launch in Kuala Lumpur, Malaysia. Ronald Tay, CEO of CapitaLand Singapore, Malaysia & Indonesia, Residential & Retail, said: “We are very encouraged by the positive response to Park Regent, which is more than 70% sold. The keen…
Millennium Al Barsha Hotel to open its doors this August 2019
DUBAI, UAE: Deyaar Development, one of Dubai’s largest property development and real estate services companies along with Millennium Hotels & Resorts, one of the fastest-growing hotel management companies in the region, announced that the project work of the four-star hotel and superior serviced apartments Millennium Al Barsha Hotel is now completed and expected to open…
AM Best affirms credit ratings of New York Life Insurance, subsidiaries
OLDWICK: AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aaa” of New York Life Insurance Company and its wholly owned subsidiary, New York Life Insurance and Annuity Corporation (collectively referred to as New York Life). Additionally, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term…