Qatar PR Network, Online Press Release from qatar and Doha city
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
S&P Global reaffirms rating of ‘A' Outlook Stable for Qatar Insurance Company and its rated subsidiaries
S&P Global reaffirms rating of ‘A' Outlook Stable for Qatar Insurance Company and its rated subsidiaries
Doha 30 July, 2019:  S&P Global Ratings has reaffirmed its ‘A’ issuer credit and financial strength ratings on Qatar Insurance Co Q.S.P.C. (QIC) and its guaranteed subsidiaries, namely, Qatar Reinsurance Company Limited (Qatar Re based in Bermuda), QIC Europe Ltd, QLM Life & Medical Insurance W.L.L., and Kuwait Qatar Insurance Co. K.S.C.C. The report reaffirms the outlook of Qatar Insurance Company & its rated subsidiaries as Stable.
 
QIC Group benefits from 'AAA' level risk-based capital adequacy despite rapid growth and various acquisitions over recent years. The report stresses that QIC can maintain its 'AAA' level risk-based capital, and its strong business position.
 
The rating reflects the strength of QIC’s strong business and financial position, its well diversified business portfolio by geography and product, diversified investment portfolio and an excellent operating performance 
 
Khalifa A Al Subaey, Group President and Chief Executive Officer of QIC Group, said: 'We are encouraged by S & P's affirmation of our strong financial strength rating. The rating agency recognizes the successful establishment of our global QIC footprint and its expected continued positive effect on our financial performance going forward. The Group continued to maintain its credit rating from Standard & Poor's (S & P) Level A '
 

Posted by : Qatar and Doha City PR Network Editorial Team
Viewed 6975 times
PR Category : Banking & Investments
Posted on : Tuesday, July 30, 2019  10:03:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of QatarPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Boss Bottled Infinite: Express Your Inner Self [30283-Views]
Imperial Emerald, the new fragrance signed by The Merchant of Venice [21480-Views]
Trussardi - the Levriero Collection [21390-Views]
Inventive, Futuristic and Daring Translucent is a Distinguished Milestone for Police. [21033-Views]
Cartier - The Baignoire Watch [19012-Views]
A touch of elegance with Al Asel [17774-Views]
Ralph Lauren Introduces Ralph's Club for New York Fashion Week [15641-Views]
Turkish Airlines added Mexico City and Cancún, important cities of Americas to its flight netwo... [15375-Views]
Versus Saint Germain [13985-Views]
The new Bergamot & Neroli collection, inspired by the warmth and energy of Mediterranean beaches! [13186-Views]
Foreo Launches Luna 3 to Refresh, Hydrate and Tone Up Your Skin [13153-Views]
The Power of the Multi-Masque [12640-Views]
Dubai Cares and The Body Shop are supporting children and youth's education: [11295-Views]
Introducing Pandora Me, featuring Millie Bobby Brown [10570-Views]
Turkish Airlines and United Nations Alliance of Civilizations created a joint platform. [7478-Views]
Donate a School Backpack for those in need at Doha Festival City [6220-Views]
The Hamilton International School Host Their First Community Fair [4473-Views]
Centara and Al Bandary Sign Agreement for Two More Doha Hotels [4272-Views]
Compass International School Doha's graduates smash global IB results [4157-Views]
Making its Qatar Debut from 7 – 9 November 2019 at Katara Cultural Village Broken Wings to Show in Q... [3944-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories