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 8689 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
Barwa Bank Postpones the SME Finance Installments and Documentary Credits Dues [16740-Views]
Global Innovations Partnered with Hotelbeds [14116-Views]
This Festive Season, It's All About Gifting and Loving [13505-Views]
Official Photo of Qatar Development Bank's Chief Executive Officer [13317-Views]
The #sephorasquad Applications Are Now Closed [13001-Views]
Get Your Own Multi GDS Booking Engine [11177-Views]
Is your Business Ready to Face Pandemic and Pandemic Like Situation? [10992-Views]
My Salah Mat ɡ ... [9061-Views]
UD Trucks Extends Vehicle Warranties During the Covid-19 Lockdown Period in the MEENA Region [7938-Views]
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation to Revive Tired Ski... [6999-Views]
ACS International Schools Shares Distance Learning Tips for Parents [6076-Views]
Olay Eyes Hydra Gel [5826-Views]
COVID-19 Triggers Marked Decline in Global Trade: UNCTAD [4826-Views]
Awareness Poster From Ministry of Interior on Risks of Gathering During the Corona Virus Disease COV... [4514-Views]
UCL Qatar Transforms International Conference on Electronic Publishing Into an Innovative Online Eve... [4510-Views]
Maillon De Cartier Watch [4317-Views]
LG Prioritizes Home Comfort With Latest Air Conditioners for GCC Market [4264-Views]
Kristina Fidelskaya A/W 2020 Collection Dream [4260-Views]
Eid Gifts From The Body Shop [4170-Views]
Ralph Lauren Expands Its Earth Polo Offering, Reinforces Commitment to Protecting the Environment [3993-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories