A.M. Best Affirms Credit Ratings of Caribbean Alliance Insurance Company Limited

OLDWICK, N.J.–(BUSINESS WIRE)–Oct 23, 2018–A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Caribbean Alliance Insurance Company Limited (CAIC) (Antigua and Barbuda). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect CAIC’s balance sheet strength, which A.M. Best categorizes as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. The ratings also consider CAIC’s conservative management philosophy and effective risk management procedures, which include a comprehensive reinsurance program developed to mitigate exposure to natural catastrophes.

The reinsurance program’s…

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