HomeInsuranceMa'aden Re assigned "good" credit rating from AM Best

Ma’aden Re assigned “good” credit rating from AM Best


MRE, established in November 2021, is a relatively new entity and completed its first full year of operations in 2022. As such, it has a limited track record of performance. The captive’s profitability in 2022 was significantly impacted by two large claims, leading to a combined ratio of 175.9% for the year. However, AM Best projects an improvement in MRE’s profitability in 2023, which is expected to support an adequate performance assessment over time.




Please enter your comment!
Please enter your name here

Most Popular

Recent Comments