16 May 2014Insurance

AM Best downgrades Saudi’s Medgulf

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.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Inside 2025’s Talent War: producers, poachers and brokerages lawyer up

22 December 2025 Brokerage complaints spin tawdry tales to frame defections as low-rent theft & espionage.

Cyber rates to fall again as growth prospects remain ‘constrained’

19 December 2025 Stable coverage keeps insureds with incumbents, ‘limiting new business opportunities’.

US homeowners shakes off headwinds, eyes 2026 return to profit

19 December 2025 If profits slip too far, insurers may cut coverage, hike premiums, squeezing affordability.

More articles

Abundant capacity drives pricing down as buyers take control at 1/1: Gallagher Re

Reinsurance pricing takes ‘decisive turn’ at 1/1 renewals: Howden

Property cat down double digit 1/1 even as cedants add cover: Guy Carpenter

Record-breaking reinsurer capital benefits cedants at 1/1: Aon

Crystal ball: what 2026 means for reinsurers and MGAs

Ghost of Christmas future: three looming threats for 2026

A year in review: 2025’s defining dialogues in the Bermuda market

AI in 2026 will see widespread adoption, focused application

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze