AM Best upgrades Arig after Takaful Re run-off move

AM Best has upgraded its rating on Arab Insurance Group (Arig)
of Bahrain, citing the company's ability to make strategic
moves to improve its business.
AM Best raised Arig's financial strength rating to A- from
B++, noting that changes recently made by the organisation had
helped it generate stronger performance, with a combined ratio of
90 percent in each of the past three quarters.
In 2015, Arig delivered a combined ratio of 109 percent for its
non-life underwriting operations, driven...