HONG KONG, Nov 12 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Evergreen Insurance Company Limited (EICL) (Bermuda). The outlook for both ratings is stable.
The
ratings reflect EICL’s strong risk-adjusted capitalization, its
contribution to the risk management of the Evergreen Group and a
favorable track record of underwriting results. As a pure captive of the
Evergreen Group, EICL is the group’s risk management platform and
underwrites risks in marine, aviation, property, engineering, motor and
other liability in relation to group operations. The ratings also
recognize EICL’s prudent investment strategy and sound liquidity
position.
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