HONG KONG, May 7 (Bernama-BUSINESS WIRE) -- A.M. Best has commented that the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Royal Insurance Corporation of Bhutan Limited (RICB) (Bhutan) are unchanged following the devastating earthquake that struck Nepal on April 25, 2015.
RICB’s risk exposure in Nepal is well-protected by its retrocession program and the maximum loss due to the earthquake does not pose a significant impact to the company’s risk-adjusted capitalization. Hence, there is no immediate effect on RICB’s ratings.
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