LONDON–(BUSINESS WIRE)–A.M. Best has assigned a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of “bb+” to FAIR Oil & Energy Insurance Syndicate (FOEIS) (Bahrain). The outlooks assigned to these Credit Ratings (ratings) are positive. FOEIS is one of the four reinsurance vehicles formed by the Federation of Afro-Asian Insurers and Reinsurers (FAIR), with a remit to write energy business. The syndicate’s members are drawn from participants of FAIR, who subscribe
