A.M. Best Downgrades Issuer Credit Rating of Arab Orient Insurance Company; Places Credit Ratings Under Review With Negative Implications

LONDON–(BUSINESS WIRE)–A.M. Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Arab Orient Insurance Company (gig Jordan) (Jordan). Concurrently, A.M. Best has placed these Credit Ratings (ratings) under review with negative implications. These rating actions reflect the deterioration in the company’s operating performance in 2016 and the first quarter of 2017, which highlighted deficien