SINGAPORE, June 13 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of CBL Insurance Limited (CBL) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.
The
ratings reflect CBL’s strong risk-adjusted capitalization, consistently
profitable operating performance and low product risk profile.
CBL
maintains strong risk-adjusted capitalization, as measured by Best’s
Capital Adequacy Ratio (BCAR). This is reflective mainly of its moderate
underwriting leverage and favorable liquidity position. In addition,
with a conservative gross leverage ratio, the company is not considered
to be highly dependent on reinsurance.
A.M. BEST AFFIRMS CREDIT RATINGS OF CBL INSURANCE LIMITED
No comments:
Post a Comment