A.M. Best downgrades ratings of ADNIC
A.M. Best has downgraded the financial strength rating to A- from A and the issuer credit rating to “a-” from “a” of Abu Dhabi National Insurance Company PSC (ADNIC). The outlook for both ratings remains stable. The rating action reflects deterioration of ADNIC’s technical performance in 2014, which resulted in a material weakening of risk-adjusted […]
