AM Best Assigns Credit Ratings to Travelers Insurance Designated Activity Company
The ratings reflect Travelers’s balance sheet strength, which AM Best categorises as strongest, as well as its very strong operating performance, favourable business profile and appropriate enterprise risk management. The ratings also reflect TIDAC’s importance to and integration within the Travelers group, in addition to the substantial reinsurance support the company receives from its immediate parent,
TIDAC enables the group to continue to service its policyholders across the European Economic Area (EEA), regardless of the terms of the United Kingdom’s withdrawal from the
AM Best expects TIDAC to underwrite a relatively small portfolio, mainly focused in property and general liability risks.
This press release relates to Credit Ratings that have been published on AM 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 AM 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 AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information.
Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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Source: AM Best
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