A.M. Best Europe – Rating Services Limited has withdrawn the financial strength rating of ‘B’ (Fair) and the issuer credit rating of “bb” of Arab Union Reinsurance Company (AURe), which is based in Syria.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.
Amazon’s Ring Sued Over Facial Recognition Feature 
JPMorgan Banker Sues Ex-Colleague Over ‘Fabricated’ Sex Claims 
Roof Costs Soar Even as Claims Decline: Verisk 
Lawyer Who Filed Viral Suit Against JPMorgan Seeks to Exit Case 
