A.M. Best Affirms Credit Ratings of BNY Trade Insurance, Ltd. and The Hamilton Insurance Corp.
The ratings reflect BNY Trade’s balance sheet strength, which
Both BNY Trade and Hamilton are single-parent captives of their ultimate parent,
BNY Trade’s rating reflects its steady growth in surplus which has been driven by its consistent premium growth and favorable profitability over the past several years. Hamilton’s rating reflects its outstanding liquidity and operating performance and the contribution that its consistent level of investment income has made to its growth in surplus. Both BNY Trade and Hamilton benefit from their parent’s robust, enterprise–wide policies and procedures in the areas of risk management, corporate governance, compliance and ethics.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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