Search QatarPRNetwork.com

Home >> Business and Economy

S&P Global Reassigns Rating of ‘A- with Stable Outook' for QLM Life and Medical Insurance Company QPSC

Friday, July 16, 2021/ Editor -  

Share

Home >> Business and Economy

Qatar - January 17, 2021:   Subsequent to the successful listing of QLM’s stock at the Qatar stock exchange  followed by withdrawal of parental guarantee by QIC, S&P Global Ratings has reassigned its ‘A negative’ issuer credit and financial strength ratings on QLM Life and Medical Insurance Company QPSC with the outlook stable.

The current rating is based on stand-alone strength of QLM’s own strong market position as a leading life and health insurance company and its good performance track record coupled with excellent capital adequacy.


Fahad Mohamed Al Suwaidi, Chief executive officer of QLM, stated: ‘We are encouraged by S&P’s assertion of our strong financial strength and dominant market position which has been well reflected in the rating “A- with stable outlook” as assigned to QLM. The rating shall open more opportunities both locally and internationally to capture large strategic accounts and to expand its regional footprint across GCC through the reinsurance route. With the listing of the company at Qatar Stock Exchange, the company has entered a new era and a strong credit rating shall help to further cement its leading position in the insurance market.”


Previous in Business and Economy

Next in Business and Economy


Home >> Business and Economy Section

Latest Press Release

Education Above All Foundation and Inter- American Development Bank Launch $100 ...

Keeta Sets Stage for Qatar Market Entry with Exclusive Founding Vendor Program f ...

Passenger Growth Hits 5% in May

Nasser Bin Khaled Automobiles Hosts Private Screening of 'F1: The Movie' In coll ...

May Air Cargo Demand Up 2.2% Despite Trade Disruptions

Qatar Insurance Group Earns MSCI's Highest ESG Rating, Cementing Its Leadership ...

Zulal wellness resort partners with qatar airways privilege club to offer exclu ...

Education Above All Foundation Announces New Collaboration with the American Cha ...

Auto Class Cars Launches its Special Summer offer on Maxus D60 and D90 max SUVs

Qatar Automobiles Company – FUSO: Driving Progress Across Industries in Qatar

Dukhan Bank Ranks #62 on Forbes Middle East's Top 100 Listed Companies for 2025

Nissan hosts world premiere of all-new Patrol NISMO in the Middle East, elevatin ...

The Mitsubishi Montero Sport.. Attractive design, High Performance and Durable

Hibrid and Alibaba Cloud Sign MoU to Deliver Advanced Streaming and Comprehensiv ...

CASIO Middle East Africa Marks Six Decades of Calculator Legacy

Dukhan Bank Named “Qatar's Best Bank for Consumers” at Euromoney Awards for Exce ...

Get Ready for Fabulous Summer Looks with BADgal BANG! Power Blue Mascara!

QIC Blog Launches Summer Themed Travel Advisory Series

Doha Mall Expands Dining Options with New Restaurants and the Launch of The Food ...

WCM-Q research highlights Qatar's path to 'global health excellence' in cancer c ...