HONG KONG, Oct 16 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Marble Reinsurance Corporation (Marble Re) (Micronesia). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Marble Re’s balance sheet strength, which AM Best categorises as strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).
Marble Re’s balance sheet strength is underpinned by risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), at the strongest level. The company’s balance sheet strength also benefits from its low underwriting leverage and conservative investment portfolio. Although the company has relatively high reinsurance dependency, the associated risk is mitigated by its well-diversified reinsurance panel that consists of reinsurers with good financial standing.
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