Arab War Risks Insurance Syndicate: AM Best rating

AM Best assigned a "B++" (good) financial strength and "bbb+" long-term credit rating to Arab War Risks Insurance Syndicate (AWRIS). The outlook is stable.

The rating reflects the financial strength of the company's balance sheet, its limited business profile, and its appropriate enterprise risk management.

AM Best also commended AWRIS' strong operational performance. Over the past ten years (2012-2021), the average combined ratio stood at 62% and the return on equity (ROE) at 10.5%.

Based in Bahrain, AWRIS was established by several Arab insurers and reinsurers as an insurance group specialized in war risks underwriting.