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A.M. Best Places Ratings of Abu Dhabi National Insurance Company P.S.C Under Review With Negative Implications

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LONDON--(BUSINESS WIRE)--A.M. Best has placed under review with negative implications the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Abu Dhabi National Insurance Company P.S.C (ADNIC) (United Arab Emirates). The rating action follows a further decline in ADNIC’s risk-adjusted capitalisation and operating performance, emanating from significant reserve strengthening during the first half of 2015 and poor underwriting performance on core commercial busines

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