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AM Best Named ‘Ratings Agency of the Year’ at the MENA II Awards 2025

By: via Business Wire

AM Best was named Ratings Agency of the Year at the MENA II Awards 2025. The event was held at the Dubai International Financial Centre on Jan. 23, 2025, and the awards recognize and reward the leading insurers, reinsurers and brokers within the Middle East and North Africa (MENA) markets. More specifically, the rating agency category judges evaluated the in-depth market and risk environment knowledge, the quality of service provided and the respective rating agency’s impact on the insurance and risk management culture.

“We’re honored to be recognized for the role that we’ve established and continue to have in the MENA market,” said Vasilis Katsipis, AM Best’s general manager for MENA, South & Central Africa. “This remains an important region for both AM Best and the insurance industry, and this award serves as positive reinforcement that we’re on the right path forward here.”

AM Best, which marked its 125th anniversary in 2024, assesses the creditworthiness of and/or reports on more than 16,000 insurance and reinsurance companies, including more than 50 (re)insurance companies in the Gulf Cooperation Council and broader MENA region. AM Best is the world’s first credit rating agency and the world’s largest credit rating agency specialising in insurance.

AM Best also was the first credit rating agency to assign ratings to insurance companies in the MENA region and has had an office in the Dubai International Financial Centre in United Arab Emirates since 2012 to support its growing presence in the region. The rating agency also employs a criteria procedure for rating takaful (Shari’a compliant) companies.

More information about the awards event can be found here at this link. The MENA II Awards 2025 is coordinated by Intelligent Insurer magazine and its parent, Newton Media Ltd.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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