of United Arab Emirates-based Arab Orient Insurance Company (PSC) (Orient), both with stable outlooks. The ratings reflect Orient’s “superior risk-adjusted capitalization, solid business profile within UAE and robust operating performance,” said Best. As offsetting factors Best cited Orient’s “level of reinsurance dependence and the need for more focus on its enterprise risk management.” Best added that Orient’s superior risk-adjusted capitalization is a “reflection of constant increases in capital and surplus through high earnings retention. In 2011, its capital and surplus surpassed AED 1.0 billion
View the Original article
