Rating agency AM Best has downgraded the financial strength and issuer credit rating of The Mediterranean & Gulf Insurance & Reinsurance Company (Medgulf Bahrain) and The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company, a Saudi joint stock company, (Medgulf KSA), as a result of material underwriting losses at the Saudi subsidiary.
To continue reading, you need a subscription to Intelligent Insurer.
If you have already subscribed please login.
If you would like to us send you this article in full please email efield@newtonmedia.co.uk
AM Best, MENA, Medgulf, Ratings
