AM Best affirms A rating on Aramco captive Stellar

Balance-sheet strength is assessed as very strong, with three-quarters of assets in a parent promissory note.

By The Wrap DeskFriday, October 23 at 8:07 AM ET

At a glance

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Roughly three-quarters of the captive's assets are a promissory note from its parent, and AM Best assesses balance-sheet strength as very strong.
For insurance capital allocators, the affirmation describes Aramco's backing rather than Stellar's asset diversification.

AM Best affirmed the A financial strength rating of Stellar, Aramco's Bermuda captive.

Roughly three-quarters of the captive's assets are a promissory note from its parent, and AM Best assesses balance-sheet strength as very strong.

For insurance capital allocators, the affirmation describes Aramco's backing rather than Stellar's asset diversification.

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