A.M. Best Comments on Rating of Skandia Insurance Company Ltd.Business Editors OLDWICK, N.J.--(BUSINESS WIRE)--April 22, 2003 A.M. Best Co. has commented that the financial strength rating of A- (Excellent) of Skandia Insurance Company Ltd (Skandia) remains unchanged and the outlook remains positive following the company's announcement of Mr. Petersson's departure and his replacement by the new acting CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Mr. Victorin. Skandia has also announced that it will be reviewing its existing strategy. However, A.M. Best does not expect a significant change in Skandia's business profile in the short-term. The current rating reflects Skandia's significant market share in Sweden and the United Kingdom, improving 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 following its divestment divestment to strip one's investment from an entity. of American Skandia Life Assurance Company (ASLAC ASLAC Advanced Subscriber Line Audio Processing Interface ASLAC Advanced Subscriber Line Audio Controller ) to Prudential Prudential is the name of two different companies and buildings named after them: Companies:
A.M. Best will continue to monitor the development of Skandia's risk-based capitalisation and cash flow position as Skandia's financial and strategic plans develop following this change in management. 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 www.ambest.com. |
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