image

Agusto & Co. assigns a “Bbb-” rating to Anchor Insurance Limited

RATINGS RELEASE

Agusto & Co. assigns a “Bbb-” rating to Anchor Insurance Limited.

The rating expires on 30 June 2019.

 

The rating assigned to Anchor Insurance Limited (‘Anchor’ or ‘the Insurer’) reflects its good profitability, good investment management, good liquidity, moderate exposure to underwriting risks as well as an experienced management team. However, the rating is constrained by the Insurer’s low profitability, elevated underwriting expenses, and the dampening effects of macroeconomic uncertainties that have impacted the Insurer’s financial performance.

This Rating Release is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Agusto & Co.