Saudi Arabia: United Cooperative Assurance & Arabia Cooperative Insurance explore merger

AM Best, a credit rating agency, has upgraded the Financial Strength Rating of MS Transverse Specialty Insurance Company, MS Transverse Insurance Company, and TRM Specialty Insurance Company—together known as MS Transverse Insurance Group (MS Transverse)—from A (Excellent) to A+ (Superior).Additionally, their Long-Term Issuer Credit Ratings have been raised from “a+” (Excellent) to “aa” (Superior)