A.M. Best Affirms Credit Ratings of Wilton Re Ltd and Its Subsidiaries; Upgrades Credit Ratings of ivari
Additionally,
The outlook of all these Credit Ratings (ratings) is stable.
The ratings reflect Wilton Re’s very strong balance sheet strength, as well as strong operating performance, favorable business profile and appropriate enterprise risk management.
The ratings also reflect Wilton Re’s solid risk-adjusted capitalization level, disciplined growth strategy, and high quality balance sheet and stable liability structure, which are focused principally on mortality risk. The ratings also recognize the ongoing commitment by the company’s highly rated ultimate parent,
Partially offsetting these positive rating attributes is the impact of the continued low interest rate environment, which has modestly affected earnings on fixed income investments. Operating results trends also have been dampened recently by adverse mortality trends for the industry and a recent deferred acquisition cost unlocking. Other offsetting rating factors include potential execution risks and competition associated with acquiring larger blocks of business.
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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