EUROINS RIC LLC’s Reliability Rating Affirmed At ‘BBB+’
OREANDA-NEWS. National Rating Agency has affirmed its reliability rating on EUROINS RIC LLC at ‘BBB+’.
The rating is underpinned by the company’s growing market share, authorized capital increase to RUB400 million, active regional network and well-balanced insurance portfolio.
Offsetting these strengths are EUROINS’s weak reinsurance protection, insufficiently diversified investment portfolio, which also falls on the lower end of the credit spectrum in terms of quality and return, and increasing (by 114% over nine months of 2014 ended Sept 30) combined ratio.
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