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Best Downgrades Gulf Insurance Rating

NU Online News Service, June 26, 3:56 p.m. EDT, New York?A.M. Best has downgraded the financial strength rating of Gulf Insurance Group and its subsidiaries to “A” (Excellent) from “A-Plus” (Superior), citing its concern over the company’s “underwriting deterioration, increased earnings volatility and its diminished standalone capitalization.”

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