BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Oman Insurance Co. upgraded


DUBAI, United Arab Emirates— Oman Insurance Co.'s financial-strength and counterparty credit ratings have been raised by Standard & Poor's Corp. to A- from BBB+.

The upgrade reflects the strategic importance of the Dubai-based commercial and personal lines insurer to its parent, MashreqBank (P.S.C.), and the benefit of group support it receives from the banking and insurance group, S&P said in a statement.

S&P assigned a stable outlook to Oman Insurance which, the rating agency said, assumes the insurer's underwriting performance will remain very strong, its combined ratio will remain under 90% and its strong competitive position in the United Arab Emirates can be maintained.