A.M. Best has assigned a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of “bb+” to FAIR Oil & Energy Insurance Syndicate (FOEIS) (Bahrain). The outlooks assigned to these Credit Ratings (ratings) are positive.
FOEIS is one of the four reinsurance vehicles formed by the Federation of Afro-Asian Insurers and Reinsurers (FAIR), with a remit to write energy business. The syndicate’s members are drawn from participants of FAIR, who subscribe to FOEIS’ units of capacity. Whilst unique in its legal structure, the syndicate operates like a traditional reinsurer, providing capacity and expertise to its cedants.
For a full copy of the press release, please click the following link:
A.M. Best Ratings: FAIR Oil & Energy Insurance Syndicate (FOEIS)
A.M. Best is the leading specialist insurer rating agency publishing ratings on re/insurance companies in more than 85 countries worldwide and a provider of industry research, news and analysis on the insurance markets around the globe.