Saudi Reinsurance Company "Saudi Re" Announces that Moody’s have changed their outlook on Saudi Re from stable to positive with affirming its rating at A3 Insurance Financial Strength Rating (IFSR)
| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Reinsurance Company "Saudi Re" Announces that Moody’s outlook changed to positive from stable and have affirmed its rating at A3 Insurance Financial Strength Rating (IFSR) international scale and at A1.sa national scale according to the report issued on 08/11/2023.
The positive outlook reflects Moody’s expectation that Saudi Re’s business diversification and premium volumes will grow meaningfully over the next 12-18 months, accompanied by increased capital to support the enlarged business. |
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