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SINGAPORE (BUSINESS WIRE) #insurance AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Guild Insurance Limited
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Guild Insurance Limited. In addition, the ratings factor in no rating lift or drag from the company’ s ultimate ownership by The Pharmacy Guild of Australia. However, following the latest judgments in a series of.
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AM Best Revises Outlooks to Negative for Guild Insurance Limited
March 11, 2021 GMT
SINGAPORE (BUSINESS WIRE) Mar 11, 2021
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Guild Insurance Limited (GIL) (Australia).
The ratings reflect GIL’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. In addition, the ratings factor in no rating lift or drag from the company’s 100% ultimate ownership by The Pharmacy Guild of Australia (PGOA).