Trade Union News
Welcome to Trade Union Online!
August 12, 2008 - Trade Union today launches its new website - bringing Saudi Arabia's leader in tailor-made insurance solutions to the forefront of online services. Features of the new website include the ability to request quotes and file claims online as well as a complete source of Trade Union documentation ready for downloading for all Trade Union's customers and potential clients.
TUCI has been assigned a financial rating of B++ and credit rating of bbb+
TUCI has become the First Insurance Company in the Kingdome of Saudi Arabia that has been assigned a rating from AM Best; the renowned global full-service credit rating agency dedicated to serving the insurance industry.
TUCI has been assigned a financial strength rating of B++ (good) and issuer credit rating of bbb+ with a Stable outlook for both ratings. This rating reflects the strong level of risk-adjusted capitalization, excellent underwriting profitability, conservative investment portfolio which is largely focused on cash and term deposits, as well as good local business profile and significant development with regards to risk management, according to AM Best.
AM Best anticipated that TUCI will grow at a strong rate and further develop its local business profile while maintaining a good level of risk adjusted capitalization.
SAMA Grants TUCI License to Transact Insurance Business
March 30, 2008 - The Saudi Arabian Monetary Agency (SAMA) has today granted Trade Union Cooperative Insurance & Reinsurance Co. a license to transact insurance and reinsurance business in the Kingdom of Saudi Arabia. The license was issued on 23/3/1429 H. under the No. ت م ن /12 /20083.
