A.M.Best Ratings Services has affirmed its Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of “a-” for The Swedish Club.
“A.M. Best’s reaffirmed rating underscores the competitive position and attractiveness of the Club as a marine insurance provider,” says Thomas Nordberg, Managing Director of The Swedish Club.
The ratings reflect The Swedish Club’s balance sheet strength, which A.M.Best assesses as very strong. In addition, it states that the Club benefits from a well-diversified portfolio within the marine insurance market, offering hull and machinery and P&I cover, in addition to its membership of the International Group of P&I Clubs.