Caribbean Alliance Insurance Receives Financial Rating Reaffirmation
Basseterre, St. Kitts, November 23, 2021 ( Caribbean Alliance Insurance Company Ltd.) — The US-based company A.M. Best has once again reaffirmed the Financial Strength rating of Caribbean Alliance Insurance Company Ltd. giving it an A (Excellent) Stable as of October 13, 2021.
A.M. Best financial rating agency focuses on the insurance industry and its Financial Strength Ratings represent the company’s assessment of an insurer’s ability to meet its obligations to policyholders, a release from Caribbean Alliance said.
The rating process involves reviews of a company’s balance sheet, operating performance, and business profile, including comparisons to peers and industry standards and assessments of an insurer’s operating plans, philosophy, and management.
Caribbean Alliance Director, Alistair Letby spoke about the company’s reaffirmation stating: “We are very pleased to have had our A Rating reaffirmed by AM Best. I think it is a testament to our effort to maintain our operations throughout the last 18 months in what has clearly been a very difficult time.
“We thank our customers for their continued support.”
Caribbean Alliance operates in several Caribbean islands and Delisle Walwyn & Co. Ltd. is their Agent in St. Kitts and Nevis.