Financial Strength and Issuer Credit Rating

WAICA Reinsurance Corporation PLC

AM Best has affirmed WAICA Re’s Financial Strength Rating (FSR) of B (Fair) and Long-Term Issuer Credit Rating (ICR) of bb+ (Fair), with the outlook revised to Positive.

The positive outlook reflects AM Best’s view of WAICA Re’s Strong balance sheet strength—supported by a Best’s Capital Adequacy Ratio (BCAR) assessed at the strong level—sound underwriting discipline, and resilient operating performance. This recognition reinforces our commitment to sustainable growth, prudent risk management, and delivering value to our stakeholders across the more than 90 countries we serve.