AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Trinidad & Tobago Insurance Limited (TATIL) (Trinidad and Tobago). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect TATIL’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.

TATIL maintains the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), supported by operating results that have generally been accretive to capital, a conservative investment portfolio and a prudent reinsurance structure to guard against material catastrophe events. TATIL has grown shareholder’s equity organically despite consistent dividend payments to its immediate parent, ANSA Merchant Bank Limited. Capitalization is protected by a conservative reinsurance program with highly rated reinsurance partners to effectively guard against catastrophe losses in its property book. The organization’s investment portfolio is managed by its parent, ANSA Merchant Bank Limited, and predominantly composed of high credit quality fixed income instruments, managed equity funds, local individual equities and cash and short-term securities.

Read full details here: https://news.ambest.com/pr/PressContent.aspx?altsrc=2&refnum=34975