Moody’s assigns Al-Ain Al-Ahlia Insurance an A3 financial strength rating.
Sep 7, 2021
Moody’s International recently affirmed Al Ain Al Ahlia Insurance Company’s financial strength rating of A3 with a stable outlook. The confirmation of the company’s financial strength classification for the thirteenth consecutive year in the A3 category reflects the strength of Al Ain Al Ahlia Insurance Company’s market position and brand, as it is the fourth largest insurance company in the insurance market in the UAE in terms of premium volume as at the end of 2020. Al Ain Al Ahlia Insurance Company has good technical experience in the oil and gas pipelines business, in addition to its cooperation with major international reinsurance companies, which has earned it its confidence. Al Ain Al Ahlia Insurance Company succeeded in achieving strong underwriting profitability, and continued to report its good net profit in the first half of 2021, and the world’s largest energy claim, amounting to $1.5 billion, was settled in full in Abu Dhabi. Follow the economic statement via Google News
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