Standard and Poor's Ratings Services has revised its outlook on Kuwait's Gulf Insurance Company, the parent company and a core operating entity of the composite insurer the Gulf Insurance Group, from stable to positive. The outlook revision is due to a substantial reduction in Gulf Insurance's risk profile following the sale of its largest equity holding. Standard and Poor's also expects Gulf Insurance to strengthen its enterprise risk management. [AMEInfo.com]



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Posted: 09|30|07 at 3:30 am. Filed under: News.