OREANDA-NEWS. A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Raffles Insurance Limited (Raffles) (Cayman Islands).

The Credit Ratings (ratings) and revised outlooks reflect Raffles’ profitable underwriting and overall results, and its supportive risk-adjusted capitalization, as well as the company’s favorable business profile as a large and well-established group captive.