A.M. Best Affirms Credit Ratings of Republic Insurance Company (Cayman) Limited
Republic Insurance’s ratings reflect the company’s established niche in the reinsurance of credit insurance and the strength of its parent, Republic Financial Holdings Limited (Republic Financial) [
These strengths are partially offset by Republic Insurance’s limited business profile, as the majority of its net assumed premiums and earnings are generated from the reinsurance of credit insurance. However, the company is looking to expand its business profile with the reinsurance of mortgage term insurance beginning in 2017. An additional offsetting factor is the dependence of earnings and premiums originating in
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.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
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