Abu Dhabi: Abu Dhabi National Insurance Company (Adnic) announced on Wednesday the reaffirmation of its financial strength ratings by A.M. Best and Standard and Poor’s (S&P). The agencies once again gave Adnic an A rating with a stable outlook, and an A- rating with a positive outlook, respectively.
According to A.M. Best, its rating reflects Adnic’s strong risk-adjusted capitalisation, its established position in the UAE, and its strong profitability.
S&P’s rating was based on strong financial risk profile and satisfactory business risk profile.
