ABU DHABI / GULF TIME UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan ...
Read More »Fitch Upgrades Union Insurance to ‘BBB’ + IFS Rating; Outlook Stable
DUBAI/GULF TIME Fitch Ratings has upgraded Union Insurance Company (P.J.S.C.)’s Insurer Financial Strength (IFS) Rating to ‘BBB+’ from ‘BBB’ with stable outlook. The upgrade reflects Union’s improved financial performance following the Board and Management actions to improve profitability of the underwriting book. The rating also reflects the insurer’s strong capitalisation, good company profile and strong reinsurance protection. In H1 2025, ...
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