AM Best has reaffirmed the financial strength ratings of SNIC Insurance, a subsidiary of EA Juffali & Brothers, the family-owned Saudi conglomerate and an associate of Munich Re Group, the world’s largest reinsurer.
The international credit rating agency affirmed SNIC’s financial strength rating (FSR) of B+ (Good) and long-term issuer credit rating (Long-Term ICR) of ‘bbb-’ (Good) with a negative outlook .
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