Al-Ahleia given ???A-??? rating
Standard & Poor's Ratings Services placed its 'A-' counterparty credit and insurer financial strength ratings on Kuwait-based Al-Ahleia Insurance Co. S.A.K. (Al-Ahleia) on CreditWatch with negative implications. Al-Ahleia's bid to acquire Kuwait Reinsurance Co. K.S.C. has been approved by Kuwait Re's shareholders. This will see Al-Ahleia consolidate Kuwait Re's accounts. Al-Ahleia already owns 30 percent […]
