AM Best Affirms Credit Ratings of DTRIC Insurance Company, Limited and DTRIC Insurance Underwriters, Limi
Benzinga AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings of "a-" (Excellent) of DTRIC Insurance Company, Limited (DTRIC), and its reinsured affiliate, DTRIC Insurance Underwriters, Limited. The outlook of these Credit Ratings (ratings) is stable. Both companies are domiciled in Honolulu, HI.
The ratings reflect DTRIC's balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management. The ratings also consider the impact of implicit and explicit support given to DTRIC by Aioi Nissay Dowa Insurance Company Limited (ADI), a member of MS&AD Insurance Group Holdings, Inc. ADI has an FSR of A+ (Superior) and is classified under the Financial Size Category of XV ($2 billion or greater).
AM Best's assessment of DTRIC's balance sheet strength as strong continued to be supported by its strongest level of risk-adjusted capitalisation, as measured by Best's Capital Adequacy Ratio (BCAR). While this assessment also reflects the company's favourable liquidity, moderately conservative investment strategy, and good quality reinsurance panel, the key offsetting factors continue to be the company's relatively moderate dependency on reinsurance, its net exposure to potential losses from natural catastrophes, and its relatively small capital.
