{"id":17103,"date":"2026-06-05T21:12:00","date_gmt":"2026-06-05T19:12:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=d53f09deb877fddddd46d31695e9ad36"},"modified":"2026-06-05T21:12:00","modified_gmt":"2026-06-05T19:12:00","slug":"am-best-withdraws-credit-ratings-of-middle-east-insurance-company-plc","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=17103","title":{"rendered":"AM Best Withdraws Credit Ratings of Middle East Insurance Company Plc"},"content":{"rendered":"

LONDON--(BUSINESS WIRE)--#insurance<\/a>--AM Best<\/b> has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of \u201cbb+\u201d (Fair) of Middle East Insurance Company Plc (MEICO) (Jordan). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best\u2019s interactive rating process.<\/p><\/a><\/a>

The ratings reflect MEICO\u2019s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.<\/p>

MEICO\u2019s balance sheet strength is underpinned by its risk-adjusted capitalisation at the very strong level, as measured by Best\u2019s Capital Adequacy Ratio (BCAR). Concentration in the company\u2019s equity and real estate portfolios remains a significant driver of capital requirements. The balance sheet strength assessment considers MEICO\u2019s unleveraged balance sheet, adequate liquidity, sound reserving practices and moderate underwriting leverage.<\/p>

MEICO has a track record of moderate operating profitability, demonstrated by return-on-equity ratios of approximately 5% over the past five years (2021-2025). MEICO\u2019s underwriting performance has been impacted adversely by the results of its motor third-party liability line of business, which is tariffed and unprofitable for Jordan\u2019s insurance market, translating into modest overall underwriting losses between 2021-2023. However, the company maintained underwriting discipline in other business lines, leading to a steady improvement in underwriting results, with MEICO reporting combined ratios of 99.6% in 2024 and 97.8% in 2025, as calculated by AM Best. Despite some volatility, investment performance has contributed positively to MEICO\u2019s operating results in recent years. MEICO\u2019s exit from Jordan\u2019s motor market is expected to improve its underwriting performance.<\/p>

This press release relates to Credit Ratings that have been published on AM Best\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best\u2019s <\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view <\/b>Guide to Best\u2019s Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>

AM Best is a global credit rating agency, news publisher and data analytics provider specialising 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 <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

Copyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

Emily Thompson<\/b>Senior Financial Analyst<\/b>+44 20 7397 0291<\/b>emily.thompson@ambest.com<\/a>Tim Prince<\/b>Director, Analytics<\/b>+44 20 7397 0320<\/b>timothy.prince@ambest.com<\/a>Christopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a>Al Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

LONDON–(BUSINESS WIRE)–#insurance–AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of \u201cbb+\u201d (Fair) of Middle East Insurance Company Plc (MEICO) (Jordan). The outlook of these Credit Ratings (ratin…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17103","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/17103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17103"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/17103\/revisions"}],"predecessor-version":[{"id":17104,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/17103\/revisions\/17104"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}