KUWAIT: Gulf Insurance Group (GIG), one of the leading insurance groups in the Middle East and North Africa, announced comprehensive rating affirmations across its regional operations, demonstrating the Group’s consistent financial strength and strategic execution across diverse markets. AM Best has affirmed the Group’s Financial Strength Rating (FSR) at "A” (Excellent) and Long-Term Issuer Credit Ratings (ICR) at "a+” (Excellent) for both the parent company and its core subsidiary Gulf Insurance and Reinsurance Company KSC (Closed) (GIG Kuwait). S&P Global Ratings rates the Group at "A+” with stable outlook, while Moody’s rates the Group at "A2” with stable outlook. This milestone achievement reflects GIG Kuwait Takaful’s strong market position as the third-largest takaful insurer in Kuwait, having reported KD 22.3 million ($72.2 million) in insurance revenue in 2024. The rating underscores the strategic importance of the company to the Group’s long-term growth strategy in Kuwait.

Source: The North Africa Journal February 07, 2026 16:45 UTC