A.M. Best Affirms Credit Ratings of DTRIC Insurance Company, Limited
The ratings reflect DTRIC’s adequate risk-adjusted capitalization and improved operating performance. The ratings also reflect the implicit and explicit support provided by its ultimate parent company,
DTRIC’s risk-adjusted capitalization has stabilized in the past two years with a modest increase in profits. Its operating performance has recovered due to various measures taken to improve underwriting performance, although this performance remains at a modest level. Overall, the company’s results continue to underperform those of its peers in several key financial measures.
Positive rating actions may occur if the company’s risk-adjusted capitalization improves significantly and operating performance stabilizes in line with the performance of DTRIC’s peers.
Negative rating actions may occur if the company’s operating performance or risk-adjusted capitalization further deteriorates.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
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 © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170526005548/en/
Seewon Oh, +852 2827 3404
Associate Director, Analytics
[email protected]
or
Manager, Public Relations
[email protected]
or
Moungmo Lee, +65 6589 8412
Managing Director, Analytics
[email protected]
or
Director, Public Relations
[email protected]
Source:
A.M. Best Downgrades Credit Ratings of The Toa Reinsurance Company, Limited and The Toa Reinsurance Company of America
How The Wealthy Talk To Their Children About Money
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News