RSA Luxembourg S.A. is pleased to announce that AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to RSA Luxembourg S.A. (RSAL) (Luxembourg), RSA Insurance Ireland DAC (RSAI Ireland) (Ireland), Royal & Sun Alliance Reinsurance Limited (RSA Re) (United Kingdom) and The Marine Insurance Company Limited (MIC) (United Kingdom).
All four entities are wholly-owned subsidiaries of RSA Insurance Group Limited (RSA), a non-operating holding company, ultimately owned by Intact Financial Corporation (IFC).
The outlook assigned to these Credit Ratings (ratings) is stable.
“We are very pleased to receive this “A” (Excellent) rating, which recognises both RSA Luxembourg’s financial strength and delivery of strong underwriting results over the past few years. It also reflects the strategic direction of our leadership team and board of directors as well as our team’s efforts to drive results and serve well our customers and partners.”Matthew Cohen Chief Financial Officer, RSA Luxembourg
The full release from AM Best can be found at: AM Best Assigns Credit Ratings to Subsidiaries of RSA Insurance Group Limited.