AM Best upgrades credit ratings of Dubai National Insurance & Reinsurance P.S.C.

AM Best upgrades credit ratings of Dubai National Insurance & Reinsurance P.S.C.

- DNI’S Long-Term Issuer Credit Rating has also been upgraded to “a-” (Excellent) from “bbb+” (Good).

- Recognition stems from AM Best’s assessment of balance sheet strength and strong operating performance, business profile and enterprise risk management.

Dubai, UAE: Financial Strength Rating of Dubai National Insurance (DNI), one of the leading Insurance Companies in UAE, has been upgraded to A- (Excellent) from B++ (Good) by AM Best. DNI’s Long-Term Issuer Credit Rating has also been upgraded to “a-” (Excellent) from “bbb+” (Good). AM Best is a global and world largest credit rating agency specialising in the insurance industry.

Mr. Abdulla Al Nuaimi, Chief Executive Officer of Dubai National Insurance (DNI), said, “It is an honour to receive one of the highest ratings from such a prestigious organisation. The rating upgrade reflects AM Best’s assessment of our balance sheet strength and recognition of our strong operating performance, business profile and enterprise risk management. This is truly an important milestone in our transformation journey and the history of DNI. We look forward to providing the market and the region with the best solutions and seamless customer service by continuously evolving our processes for the future.”

The rating upgrade serves as a testament to the improvement within