A.M. Best Assigns Ratings to Scandinavia Insurance Company Limited Liability Company.OLDWICK, N.J. -- A.M. Best Co. has assigned a financial strength rating of B- (Fair) and an issuer credit rating of "bb-" to Scandinavia Insurance Company Limited Liability Company (SIC) Russia. The outlook for both ratings is stable. The ratings of SIC reflect its adequate risk-adjusted capitalisation n. 1. same as capitalization. Noun 1. capitalisation - writing in capital letters capitalization writing - letters or symbols that are written or imprinted on a surface to represent the sounds or words of a language; "he turned the paper and moderate operating performance. Offsetting factors are its volatile 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 marginal business profile. A.M. Best believes the level of risk-adjusted capitalisation is adequate for the rating assigned. The capital should be supportive of the company's projected growth of 15% and in developing its business profile, which is predominantly pre·dom·i·nant adj. 1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant. 2. marine hull and engineering risks. The company's performance has been moderate with pre tax profits of approximately RUB 25 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. 825,000) in 2006, mainly as a result of investment income. Underwriting performance has been volatile with high loss ratios and significant reserve strengthening in 2007. Going forward, underwriting will be more critical as the company will incur higher expenses, putting more pressure on performance. For Best's Ratings Best's rating A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders. , an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries, including the banking and insurance sectors. For more information, visit www.ambest.com. |
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