Business

AM Best downgrades WAICA Re’s outlook

AM Best has confirmed WAICA Re’s “B+” (good) financial strength and “bbb-” long-term credit rating. According to the rating agency, the Sierra Leonean reinsurer’s operating performance is solid.

 

The average combined ratio over the 2017- 2021 period stands at 88.4 per cent and the return on equity (ROE) at 12.4 per cent. In 2021, the company has recorded a turnover of $153.3 million, up by 49 per cent compared to 2020. Despite this strong performance, AM Best has downgraded the outlook on both ratings from stable to negative.

 

This decision reflects the pressure exerted on WAICA Re’s balance sheet following the deterioration of its risk-adjusted capitalisation.

 

TRY IT TONIGHT!!! ---

 

Abuja Civil Servant reveals (FREE) secret Fruits that Increased his Manh0d size, gives Stronger Erections and ends Premature Erection in 7days...

   

CLICK HERE FOR FULL DETAILS.

 

%d bloggers like this:
Fake Richard Mille Replica Watches, www.richardmille.to The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica