A.M. Best Revises Issuer Credit Rating Outlook to Negative for The Oriental Insurance Company Limited

SINGAPORE–(BUSINESS WIRE)–A.M. Best has revised the outlook to negative from stable and affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” of The Oriental Insurance Company Limited (Oriental) (India). A.M. Best also has affirmed the company’s Financial Strength Rating (FSR) of B++ (Good). The outlook of the FSR remains stable. The revised Long-Term ICR outlook reflects the continued deterioration in Oriental’s underwriting performance. The company’s combined ratio has been