Dubai – Mubasher: A M Best has upgraded Dubai Insurance Company’s (DIC) financial strength rating to A- (Excellent) from B++ (Good) and the long-term issuer credit rating to “a-” from “bbb+”, according to a statement.

The outlooks of these Credit Ratings have been revised to “stable” from “positive”.

The rating upgrades reflect DIC’s “excellent” technical performance, “strong” risk-adjusted capitalisation and improving enterprise risk management (ERM), the rating agency said.