A.M. Best Renews Ratings of Crown Global Life Insurance Ltd. and Crown Global Life Insurance (Bermuda) Limited
NEW YORK - December 8, 2016 - Crown Global Insurance Group LLC (“Crown Global” or the “Company”), a world leading provider of specialty insurance solutions for high net worth and institutional clients, today announced that A.M. Best Co. has assigned a financial strength rating of B++ (Good) and issuer credit rating of “bbb+” to Crown Global Life Insurance Ltd. and Crown Global Life Insurance (Bermuda) Limited (CCLIB). Both entities are domiciled in Bermuda.
The renewal of the ratings assigned by A.M. Best to CCLI and CCLIB reflect the companies’ distinct business profile as leading international providers of private placement life insurance to high net worth investors, and the firms’ plans for further growth, which A.M. Best believes to be reasonable. The ratings also recognize both companies’ positive balance sheets, which consist of a strong capital position relative to net value at risk and a high degree of liquidity.
The primary methodology used in determining these ratings is A.M. Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Key criteria utilized include: “Risk Management and the Rating Process for Insurance Companies”; “Understanding Universal BCAR”; “Rating New Company Formations”; and “Assessing Country Risk.” Best’s Credit Rating Methodology can be found at http://www.ambest.com/ratings/methodology. Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit http://www.ambest.com.
About Crown Global
Crown Global provides efficient investment-enhancement strategies and products for institutional investors, investment managers and ultra-high net worth individuals. The Company offers custom solutions that enable managers and investors to enhance their returns from investments in alternative assets and managed accounts. Crown Global operates globally and maintains offices in North America, Switzerland and the Cayman Islands. Since its founding in 1998, Crown Global has established a solid track record of issuing U.S. and non U.S. compliant life insurance and annuity policies for institutional and ultra-high net worth clients. Learn more at http://www.crownglobalinsurance.com. Products may not be available in all jurisdictions, and coverage is subject to actual policy language.
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