SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

A.M. Best Affirms Credit Ratings of Royal Bank of Canada Insurance Company Ltd.
[April 05, 2017]

A.M. Best Affirms Credit Ratings of Royal Bank of Canada Insurance Company Ltd.


A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a+" of Royal Bank of Canada Insurance Company Ltd. (RBCICL) (Barbados). The outlook of these Credit Ratings (ratings) is stable.

RBCICL is a reinsurer that is ultimately owned by Royal Bank of Canada, the largest bank in Canada, as measured by assets. RBCICL primarily reinsures life/health insurance risks from unaffiliated international reinsurers. The company participates as a treaty partner in life retrocession pools, trade credit pools and annuity longevity reinsurance.

The rating affirmations reflect RBCICL's diversified operating profile, solid capitalization, strong return on equity and strong liquidity position. RBCICL's investment portfolio is composed of cash and high credit quality sovereign, corporate and supranational bonds. Additionally, the company's long-standing record of favorable earnings is considered.

While recognizing the solid market position of Royal Bank of Canada, A.M. Best notes that premium growth depends upon the strngth of the Canadian and global economy. Any potential decrease in consumer loan activity could adversely impact the credit insurance market.

This press release relates to Credit Ratings that have been published on A.M. Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best's Credit Ratings.

A.M. Best is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.


Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.


[ Back To TMCnet.com's Homepage ]






Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2017 Technology Marketing Corporation. All rights reserved | Privacy Policy