A.M. Best Upgrades Credit Ratings of AES Global Insurance Company
The rating upgrades reflect AGIC’s continued favorable operating trends and adequate risk-adjusted capitalization, sound risk management capabilities with a focus on sustaining good capitalization, underwriting performance and conservative balance sheet strategies. The ratings also consider AGIC’s important role as a single-parent captive and the implied support provided by its parent,
Partially offsetting these positive rating factors is AGIC’s exposure to large losses due to the policy limits offered, its limited market scope and limited business profile being solely dependent on the parent company’s business opportunities for its growth prospects.
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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