A.M. Best Affirms Credit Ratings of Colina Insurance Limited and Colina Holdings Bahamas Limited
The rating affirmations for Colina reflect the company’s leading position in the life/health market in the
Colina enjoys a leading market share in the region in its selected segments and its risk-adjusted capitalization is appropriate relative to its investment and insurance risks.
Economic headwinds within the Bahamas’ economy and potential mortgage loan delinquencies continue to pose rating concerns for the company in the near to intermediate term. While
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
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