Chubb Announces Moody’s affirming ifs rating of A3; stable outlook

Chubb Arabia is pleased to announce that Moody’s Investor Service has affirmed the A3 financial strength rating (IFSR) of Chubb Arabia Cooperative Insurance Company with a stable outlook, as per their press release on 15th November 2021.

The A3 IFSR of Chubb Arabia reflects the good stand-alone fundamentals of its operations reflects its:

(i) Strong asset quality driven by a conservative invested asset quality.

(ii) Strong capitalization.

(iii) historically strong profitability with a five-year return on capital (ROC) of 13.6% at YE 2020 driven by a strong underwriting five-year average combined ratio (COR) of 69.2%

The stable rating outlook reflects Moody’s expectation that, with the support of Chubb Group, Chubb Arabia will maintain its strong profitability.