A.M. Best Affirms Credit Ratings of Tryggingamidstodin hf.
The ratings reflect TM’s balance sheet strength, which
TM’s balance sheet strength is underpinned by risk-adjusted capitalisation that
Earnings over the medium term are expected to remain adequate, albeit dependent on investment income. TM’s investment return is subject to potential volatility as a result of its exposure to the financial system risk of
TM benefits from a good market position within Iceland’s insurance market, as well as from its strong foothold and expertise in the local marine sector. However, the company’s business profile is somewhat constrained by its geographic concentration to Iceland’s relatively small insurance market.
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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