A.M. Best Assigns Credit Ratings to S2C S.p.A. Compagnia di Assicurazioni di Crediti e Cauzioni
The ratings reflect S2C’s balance sheet strength, which
S2C’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), is categorised as strongest, and
S2C has a track record of good operating profits, driven by its robust underwriting performance and demonstrated by a five-year average combined ratio of 73% (2013-2017). In 2017, the combined ratio increased by four percentage points to 68% from the prior year, due to a deterioration in claims experience. Although overall results since 2012 have been good,
S2C is a niche mono-line insurer that focuses on the highly competitive surety market 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. 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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