A.M. Best Removes From Under Review With Negative Implications, Affirms Credit Ratings of Trans World Assurance Company
The ratings of TWA were placed under review on
The ratings reflect TWA’s balance sheet strength, which
TWA has reported favorable premium growth over the last two years due to increased sales of its universal life product; however,
The business profile is viewed as limited due to the company’s niche target market and limited product portfolio. Furthermore, the majority of the reserves are related to deposit-type contracts with higher guaranteed crediting rates, elevating the risk of spread compression. The company’s risk management is under-developed relative to A.M. Best’s expectations, although
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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