SINGAPORE, Feb 26 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Guild Insurance Limited (GIL) (Australia). The outlook for both ratings is positive.
The rating affirmations reflect GIL’s favorable balance sheet strength, prudent reserving practice and established business profile in providing insurance products to Australia’s allied health sector. In addition, GIL’s strong risk-adjusted capitalization, robust reinsurance program and high quality investment portfolio remain supportive of the current rating level. The positive outlook recognizes the company’s continued initiatives to improve the sustainability of its earnings through remedial underwriting, product rationalization and process improvement.
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