AM Best affirms GIG Gulf's rating

AM Best has affirmed GIG Gulf’s Financial Strength Rating of “A” (Excellent) and Long-Term Issuer Credit Rating of “a” (Excellent) for the fifth consecutive year, with a stable outlook.

The ratings reflect the company’s strong position as one of the top five insurers in each of its key markets: Bahrain, Qatar, Oman, and the United Arab Emirates. GIG Gulf also holds a 50% stake in GIG Saudi.

AM Best’s decision further reflects the company’s strategic importance as a key subsidiary of the Gulf Insurance Group (GIG).