LONDON–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” of East Africa Reinsurance Company Limited (EARe) (Kenya). The outlook of these Credit Ratings (ratings) remains stable. The ratings reflect the company’s good level of risk-adjusted capitalisation, profitable underwriting operations and developing enterprise risk management framework. Offsetting rating factors include EARe’s modest competitive position in it
