A.M. Best Affirms Ratings of Guardian Life of the Caribbean Limited and Guardian General Insurance Limited
The affirmation of the ratings of GLOC and GGIL reflect GHL’s fairly stable leverage position, consolidated balance sheet strength and premium growth over the past several years. The consistent profitability of GLOC and GGIL, which are core insurance subsidiaries of GHL, enhances the overall strength of GHL’s balance sheet and debt servicing capabilities. Nevertheless,
The ratings of GLOC acknowledge its strategic position within the GHL group, strong competitive position in the
Offsetting these positive rating factors are GLOC’s moderately increased insurance benefits and claims expenses, the impact of continuing volatility in the local, regional and global equity markets and the competitive and mature nature of the
The ratings of GGIL recognize its leading regional market presence, historically profitable operating performance and more than adequate risk-adjusted capitalization. Additionally, GGIL’s strong return metrics and underwriting performance compares favorably with its property/casualty
This press release relates to rating(s) that have been published on
Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.
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