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A.M. Best Withdraws Credit Ratings of QIC International LLC


A.M. Best has withdrawn the Financial Strength Rating of A
(Excellent) and the Long-Term Issuer Credit Rating of "a" of QIC
International LLC
(QICI) (Qatar) as the company has requested to no
longer participate in A.M. Best's interactive rating process. QICI is a
subsidiary of Qatar Insurance Co. S.A.Q. (QIC).

QICI previously conducted insurance operations in the United Arab
Emirates, Kuwait and Oman through branches and subsidiaries. However, as
part of the group's restructuring, the company's insurance-related
assets and liabilities have been transferred to QIC.

A.M. Best's procedure is for a final rating opinion to be produced in
conjunction with a rating withdrawal. However, because QICI's balance
sheet does not contain any insurance-related assets or liabilities, A.M.
Best was unable to produce a final rating opinion.

This press release relates to Credit Ratings that have been published
on A.M. Best's website. For all rating information relating to the
release and pertinent disclosures, including details of the office
responsible for issuing each of the individual ratings referenced in
this release, please see A.M. Best's
Rating Activity
web page. For additional information
regarding the use and limitations of Credit Rating opinions, please view
Best's Credit Ratings
. For information on the proper media
use of Best's Credit Ratings and A.M. Best press releases, please view
for Media - Proper Use of Best's Credit Ratings and A.M. Best Rating
Action Press Releases

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