EID is the sole captive insurer of Eni S.p.A. (Eni), an Italian multinational gas and oil company with operations in more than 60 countries.
The ratings reflect EID’s track-record of strong underwriting profitability and excellent risk-adjusted capitalisation. The ratings also consider the captive’s importance to the
EID’s risk-adjusted capitalisation is expected to remain excellent. Available capital is likely to increase in 2016 due to a non-recurring return premium payment of
EID produced a pre-tax profit of
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