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Underwriting to boost Morocco reinsurer's operating results


U.S.-based ratings agency A.M. Best Co. Inc. said that the underwriting and investment returns of Morocco-based reinsurer Societe Centrale de Reassurance SA are expected to boost its operating performance, Middle East Insurance Review reports. Its weighted average nonlife combined ratio of 91.7% over the past five years reflects the profitability of the domestic Moroccan portfolio and benefits from favorable reserve development stemming from its legacy compulsory cessions business.


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