Sagicor General Insurance Inc (SGI) clients told to rest assured that they will continue to be protected by a secure & financially sound company, after the latest AM Best Financial Strength Rating report
Sagicor General Insurance Inc (SGI) Clients told to rest assured that they will continue to be protected by a secure & financially sound company, after the latest AM Best Financial Strength Rating report.
The international credit rating agency has affirmed SGI’s Financial Strength rating of “A- (Excellent)” and its Long-Term Credit rating of ‘A’, which reflect Sagicor’s ability to meet its ongoing insurance obligations & excellent capacity to meet its ongoing financial obligations.
According to the report, Sagicor’s excellent rating is supported by the strength of the company’s balance sheet, which A.M. Best describes as “Very Strong”; in addition to the insurance company’s maintenance of an “Adequate” Operating Performance, with steady growth in equity and revenue; “Favourable” Business Profile with respect to brand recognition and geographical spread; along with “Appropriate” Enterprise Risk Management controlled by a centralized approach to risk management.
SGI’s President & CEO, Keston Howell, expressed his satisfaction with the rating, saying, “it demonstrates the level of financial prudence and risk management that we continue to apply to our operations
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