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October 14, 2006
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Saturday
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Ramazan 20, 1427
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Rating
KARACHI, Oct 13: JCR-VIS Credit Rating Company Limited has reaffirmed the insurer financial strength rating of Century Insurance Company Limited (CICL) at 'A' (single A) with a 'stable' outlook.
As a policy decision the management has confirmed to decrease exposure in the high risk motor segment, though it has impacted the company's business volumes.
With the planned expansion in diversified business segments and extension of outreach, JCR-VIS will monitor the company's progress against growth expectations going forward.—APP
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