LONDON, APRIL 28, 2010 A.M. Best Co. has upgraded the financial strength rating to B++ (Good) from B+ (Good) and issuer credit rating to "bbb" from "bbb-" of Arab Orient Insurance Company (Arab Orient) (Jordan). The outlook for both ratings has been revised to stable from positive. The ratings reflect Arab Orient's stro...

AMMAN - - The Chairman of the Board of Directors of Arab Orient Insurance Co., Khaled al-Hassan said “the company's results were a record in terms of growth in premiums, which reached JOD 44.5 million, an increase of 38% over the previous year, with profits to the company functional JOD 3.66 million”. ...

With Kuwait-based Gulf Insurance Co. having acquired 55% of Jordanian Arab Orient Insurance Co., a new Board of Directors has been formed and chaired by Mr. Khaled Saoud Al Hasan, CEO of Gulf Insurance Co.   Based on the acquisition, the parent company was able to exercise control over the Arab Orient through board repre...

OLDWICK, N.J., JUNE 02, 2009 A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B+ (Good) and issuer credit rating of "bbb-" of Arab Orient Insurance Company (ArabOrient) (Jordan). The ratings reflect Arab Orient's strong risk-adjusted capitalisation, leading busin...

Arab Orient is pleased to announce that the Fairfax Group has purchased approximately 20% of its shares. Arab Orient is a Property and Casualty Insurer based in Jordan that is 65% owned by the Jordan Kuwait Bank and listed on the Amman Stock Exchange in Jordan. "This purchase is the most recent example of our pursuit of ...