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Moody's Affirms Sukoon Insurance's Rating, Stable Outlook on Strong Market Position

MT Newswires·08/27/2026 00:07:37
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12:07 AM EDT, 08/27/2026 (MT Newswires) -- Moody's on Wednesday confirmed Sukoon Insurance's (DFM:SUKOON) A2 insurance financial strength rating, with a stable outlook. The affirmation is based on the Dubai-listed insurer's market position and franchise in the Middle East and North Africa region, diversified business profile, asset quality, a liquid investment portfolio that is moderately exposed to riskier assets, strong capital adequacy and profitability, good reserve adequacy and moderate reserve risk. The stable outlook, meanwhile, indicates the rating agency's view that Sukoon's "good" underwriting standards and profitability will continue despite potential premiums growth, with the company also expected to maintain robust capital adequacy and liquidity buffers.