In the press release dated the February 13, 2015, A.M. Best affirmed the financial strength of A- (Excellent) and the issuer credit rating of “a-“of Trinidad and Tobago Insurance Limited. The outlook of both ratings is stable.
A.M. Best stated that: “The ratings reflect TATIL’s history of profitable overall operating performance, solid capitalization and the support it receives from its ultimate parent, ANSA McAL Limited (AMCL). AMCL is one of the largest diversified companies in the Caribbean and is publicly traded on the Trinidad and Tobago Stock Exchange.
TATIL has consistently produced favourable overall earnings, driven by strong underwriting and stable investment income. TATIL’s surplus has steadily appreciated and it maintains a strong level of risk-adjusted capitalization as measured by Best’s Capital Adequacy Ratio. TATIL benefits from support provided by AMCL in functional areas such as information technology and investment services.”
A.M. Best is a global credit rating company focused on the insurance industry.
For more information on Best’s Credit Rating Methodology:www.ambest.com/ratings/methodology.
For the A.M. Best Press Release: http://www3.ambest.com/ambv/bestnews/presscontent.aspx?altsrc=1&refnum=22203