A.M. Best Affirms Credit Ratings of International General Insurance Holdings Limited and Its Subsidiaries
The ratings reflect IGI’s balance sheet strength, which
IGI’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation being at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR), as well as its good liquidity, conservative investment portfolio and reinsurance panel of good credit quality.
The positive outlooks reflect IGI’s record of strong operating results, driven by generally robust underwriting profitability and stable investment income. In 2017, the company generated a modest underwriting loss of
The ratings of IGIUK reflect its strategic importance to IGI. IGIUK is fundamental to IGI’s overall strategy, is integrated with the group through shared management functions and an internal reinsurance programme, and its financial solvency is explicitly guaranteed by IGI. IGIH is the ultimate holding company of the group.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180808005470/en/
Financial Analyst
[email protected]
or
Director, Analytics
[email protected]
or
Manager, Public Relations
[email protected]
or
Director, Public Relations
[email protected]
Source:
Leavenworth business owner sentenced to prison, ordered to pay $4.3 in restitution
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News