KUALA LUMPUR, Nov 21 (Bernama) -- A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of "a" of Evergreen Insurance Company Limited (EICL) (Bermuda). The outlook for both ratings remains stable.
The ratings reflect EICL's strong risk-adjusted capitalization, its contribution to the risk management of the Evergreen Group and a favorable track record of underwriting results. As a pure captive of the Evergreen Group, EICL is the group's risk management platform and underwrites risks in marine, aviation, property, engineering, motor and other liability in relation to group operations. The ratings also recognize EICL's prudent and liquid investment portfolio in the past two years.
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The ratings reflect EICL's strong risk-adjusted capitalization, its contribution to the risk management of the Evergreen Group and a favorable track record of underwriting results. As a pure captive of the Evergreen Group, EICL is the group's risk management platform and underwrites risks in marine, aviation, property, engineering, motor and other liability in relation to group operations. The ratings also recognize EICL's prudent and liquid investment portfolio in the past two years.
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