A.M. Best Affirms Credit Ratings of United Insurance Company and United Re (Europe) S.A.
The ratings reflect UIC’s balance sheet strength, which
UIC’s very strong level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), healthy liquidity, financial flexibility, quality of capital and reinsurance program contribute to A.M. Best’s balance sheet assessment of very strong. UIC's operating performance has been profitable historically, driven by underwriting performance and investment income in most years. The results have fluctuated over a five-year period as a result of some volatility experienced in UIC's reinsurance underwriting and investment returns. The company realigned its investment strategy in 2016; healthy investment income was recorded in 2017 and is projected going forward. UIC’s overall operating performance is assessed as adequate.
UIC’s business profile was deemed to be neutral. This company is one of the longest tenured alternative risk vehicles rated by
Furthermore, UIC’s ERM is considered to be appropriate for its overall business risk profile.
This press release relates to Credit Ratings that have been published on A.M. 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 A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
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