AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of 'a' (Excellent) to
The outlook assigned to these Credit Ratings (ratings) is stable. The company is a wholly owned subsidiary of
The ratings of IGI Europe consider its strategic importance to IGIC, along with the explicit support it receives from its immediate parent company, which includes a guarantee and quota share reinsurance. As a member of IGIC's lead rating unit, IGI Europe's ratings receive full rating enhancement and reflect IGIC's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
IGI Europe is a recently acquired insurer domiciled in
An explicit guarantee is in place between IGI Europe and IGI Bermuda, whereby IGI Bermuda guarantees all of the company's liabilities in respect to its insurance obligations. The guarantee is pledged to the
This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in
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