OREANDA-NEWS. A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Gulf Reinsurance Limited (Gulf Re) (United Arab Emirates). The outlook for each rating is stable.

The ratings reflect Gulf Re’s strong risk-adjusted capitalisation and lower volatility of prospective performance. Offsetting rating factors include the company’s limited business profile and limited internal enterprise risk management capability. Gulf Re’s ratings benefit from the financial strength of its ultimate parent, Arch Reinsurance Ltd (Arch).