AM Best assigns Issuer Credit Rating of “a+” to Helvetia
Based on the assessment of AM Best, the balance sheet strength of Helvetia Swiss Insurance Company is very strong, underpinned by its risk-adjusted capitalization at the strongest level, as measured by AM Best’s Capital Adequacy Ratio (BCAR), as well as the prudent capital management, conservative investment portfolio, and prudent reserve practices.
Further AM Best assesses Helvetia’s financial flexibility as excellent and emphasizes the strong operating performance, well diversified business model and appropriate risk management of the company.
“AM Best’s rating reflects the resilience of our balance sheet and our diversified and profitable business model. This newly obtained rating will support in particular Helvetia’s international specialty business.” – Annelis Lüscher Hämmerli, Group CFO of Helvetia.