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AM Best assigns A- (Excellent) rating to Bahrain Kuwait Insurance


December 26, 2012

Mr. Ebrahim Al Rayes, Chief Executive Officer of Bahrain Kuwait Insurance Company has announced that A.M. Best Europe Rating Services has recently affirmed the company's financial strength rating of A- (Excellent) and issuer credit rating of Bahrain Kuwait Insurance. The outlook of both ratings remains stable. In their press release, AM Best have confirmed that the rating reflects BKIC's strong capitalization, conservative investment strategy, excellent track record of technical profits and an excellent domestic franchise.

Bahrain Kuwait Insurance company is a member of the Gulf Insurance Group, which owns 56% of its total shares. The total profit at the end of 2011 was equivalent to USD 11 million, and a return on equity of approximately 15%.