AM Best Affirms Credit Ratings of Global Benefits Group
FOR IMMEDIATE RELEASE
Jul 21, 2022
(Princeton, NJ) July 21, 2022 – We are proud to announce that AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) of GBG Insurance Limited (GIL) (Guernsey). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect the GBG Group’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, and appropriate enterprise risk management.
"Acknowledgement of our financial strength by AM Best is a recognition of our ability to make significant progress even during a multi-year pandemic and the execution of a sound risk management framework for the company,” Chris DiSipio, Chief Executive Officer of GBG said. “GBG continues its commitment to our partners and members as we strengthen our foundation as a well-managed and capitalized company.”
About AM Best:
AM Best is a global credit rating agency, news publisher, and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore, and Mexico City.
Global Benefits Group (GBG) is a global insurance group that administers and underwrites international medical, life, disability, and travel insurance. With a client base that spans multinational corporations, expatriates, international schools and students, high net-worth individuals, and non-profit organizations, GBG is committed to delivering outstanding customer service to the globally mobile population. Global Benefits Group (GBG) is the marketing name for GBGI Limited and its subsidiary and affiliated companies.