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November 19, 2014
After a periodic review of the company’s business, AM Best International recently affirmed the (A-) Credit Rating for Bahrain Kuwait Insurance Company, and this has been published in their website. In their press release, AM Best has confirmed that the rating reflects BKIC’s strong financial position, conservative investment strategy, good track record of technical profits in all classes of insurance and strong presence in Bahrain market in which the company is considered as the leading company in terms of Gross Premiums. BKIC is also considered among the top five companies in Kuwait.
Mr. Ebrahim Al Rayes, C.E.O. of BKIC stated that he was pleased with this Credit Rating as it reflects the financial strength of the company and its ability to meet its obligations.
BKIC is a member of Gulf Insurance Group (G.I.G.) owned by Kuwait Projects Company and FairFax International.