AM Best Revises Outlooks to Positive for East Caribbean Reinsurance Company Limited
The positive outlooks reflect ECRC’s strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR).
- The positive outlooks reflect ECRC’s strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR).
- The organization was materially impacted by Hurricane Maria in fiscal year 2018, which prompted it to significantly lower its retention level.
- Since then, ECRC has grown capital and surplus annually through favorable net earnings, despite occasional dividend payments to its parent entity, TDC Group Limited (TDC Group).
- AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.