A.M. Best Affirms Credit Ratings of Arab Misr Insurance Group S.A.E.

LONDON–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Arab Misr Insurance Group S.A.E. (GIG-Egypt) (Egypt). The outlook of these Credit Ratings (ratings) is stable. The ratings of GIG-Egypt reflect the company’s track record of excellent operating profitability, solid level of risk-adjusted capitalisation and good business profile in Egypt’s insurance market. An offsetting rating factor is the company’s con