AM Best Affirms Stellar Insurance Ratings
AM Best affirmed Stellar Insurance’s ratings with stable outlooks, citing strong performance and its role within Saudi Aramco. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a+” [Excellent] of Stellar Insurance, Ltd. [Stellar] [Bermuda], an indirectly wholly owned subsidiary of the … AM Best affirmed Stellar Insurance’s ratings with stable outlooks, citing strong performance and its role within Saudi Aramco. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a+” [Excellent] of Stellar Insurance, Ltd. [Stellar] [Bermuda], an indirectly wholly owned subsidiary of the Saudi Arabian Oil Company [SAOC]. The outlook of these Credit Ratings [ratings] is stable. “The ratings reflect Stellar’s balance sheet strength, which…
