A.M. Best Europe – Rating Services Limited has withdrawn the financial strength rating of ‘B’ (Fair) and the issuer credit rating of “bb” of Arab Union Reinsurance Company (AURe), which is based in Syria.
Best explained that the “withdrawal is a result of international countries placing targeted financial sanctions on the Libyan government, which is a 50 percent owner of the company.”
Source: A.M. Best
Was this article valuable?
Here are more articles you may enjoy.
Farmers Insurance Plans Historic, Rapid Expansion of Agency Force 
Dei Primus Holdings Launches LUCY, a Fully Autonomous Insurance Carrier 
Taylor Swift Sued for Trademark Infringement Over ‘Life of a Showgirl’ 
After 62 Years, Florida Appeals Court Drops the Expert Witness Rule on Attorney Fees 
