Monday, February 27, 2017

A.M. BEST AFFIRMS CREDIT RATINGS OF GENERAL INSURANCE CORPORATION OF INDIA

SINGAPORE, Feb 27 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of General Insurance Corporation of India (GIC Re) (India). The outlook of these Credit Ratings (ratings) is stable.
 
The ratings reflect GIC Re’s adequate risk-adjusted capitalization and good business profile in its domestic market. GIC Re is the largest domestic reinsurer in India and benefits from the obligatory cessions of direct insurers in India. In addition, GIC Re has a geographically diversified underwriting portfolio.


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