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Agusto & Co. assigns a “Bbb-” rating to Consolidated Hallmark Insurance Plc

RATING RELEASE

Agusto & Co. assigns a “Bbb-” rating to Consolidated Hallmark Insurance Plc.

This rating expires 30 June 2019.

The rating assigned to Consolidated Hallmark Insurance Plc (‘CHI’ or ‘the Insurer’) reflects its good profitability, good investment management, good liquidity, moderate exposure to underwriting risks as well as an experienced management team. The rating is however constrained by elevated underwriting expenses, macroeconomic headwinds which has reduced consumer purchasing power and the fragile state of the economy.

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.