AM Best affirms rating of Saudi Arabian Oil Company captive

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AM Best has affirmed the financial strength rating of A (excellent) and the long-term issuer credit tating of “a+” (excellent) of Bermuda-domiciled Stellar Insurance. The outlook of these credit ratings is stable.

Stellar is a single-parent captive insurer of the Saudi Arabian Oil Company (SAOC), playing a key role within the overall risk management framework of its parent.

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