Abu Dhabi-Mubasher: Standard and Poor's (S&P) affirmed its 'A-' long-term insurer financial strength and counterparty credit ratings on Abu Dhabi National Insurance Company (ADNIC), with “stable” outlook.
The company has corrected the causes of the capital erosion in 2014 and 2015, according to a statement.
ADNIC is expecting a growth between 10% and 11% in profits of the fiscal year 2016, Tariq Zietoun, chief officer of the underwriting and strategic accounts management, previously told Mubasher.
