AM Best Upgrades Long-Term Credit Rating (ICR) and Affirms Financial Strength Rating (FSR)

FOR IMMEDIATE RELEASE

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Jul 14, 2021

AM Best Upgrades Long-Term Credit Rating (ICR) and Affirms Financial Strength Rating (FSR)

(Princeton, NJ) July 14, 2021 - Following our annual review, we are proud to announce that AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) of GBG Insurance Limited (GIL)(Guernsey).

"Acknowledgement of our financial strength by AM Best is a recognition of our ability to make significant progress even during the pandemic and the establishment 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.”

Learn more by reading the report on AM Best’s Website. For the latest ratings, access www.ambest.com

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.