A.M. Best Affirms Rating of Ansvar Insurance Company Limited.OLDWICK, N.J. -- A.M. Best Co. has affirmed af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. the financial strength rating of B++ (Very Good) of Ansvar Insurance Company Limited (Ansvar) (United Kingdom). The outlook remains stable. The rating reflects Ansvar's very good capitalisation, improved underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. performance and strong business profile. An offsetting factor is the potential difficulty the company may have in maintaining rates during the soft market. A.M. Best believes Ansvar is likely to maintain its very good capitalisation and improved underwriting performance, with the combined ratio likely to remain below 90% for the next two years. Ansvar's risk-adjusted capitalisation has been maintained at a very good level over 2003, aided by increased retention of earnings following an excellent year, which resulted in after tax profits of GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.1 million (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 3.7 million) compared to GBP 943,000 (USD 1.5 million) the previous year. Ansvar also benefits from a strong business profile within the niche not-for-profit market (particularly insurance of church and charities) and is deemed by A.M. Best to have strategic importance to its parent, Ecclesiastical Insurance  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Office (EIO (Enhanced I/O) A hardware interface for HP printers that is used for adding an internal print server and network adapter, a hard disk and other plug-in functionality. EIO cards are smaller than previous MIO cards and more energy efficient. They use the PCI bus. See MIO. ). A.M. Best believes Ansvar may have difficulty in maintaining rates during the soft market, although the company is protected to some degree from price-driven competition due to the specialist nature of its business and its high retention rates. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at http://www.ambest.com. |
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