‘Excellent’ rating for UK War Risks
The UK War Risks Club announced the affirmation of its A- ‘Excellent’ financial strength rating with a ‘Stable’ outlook from the insurance rating agency AM Best. Club Manager Andrew Ward welcomed this confirmation of the Club’s financial rating: “The continuing ‘Excellent’ rating by AM Best re-affirms the UK War Risks Club’s financial strength and stability. Despite the volatility of this sector, the UK War Risks Club continued its policy of returning premiums to Members at the 2014 renewal, as well as reducing its annual rates to Members. It remains committed to providing high quality cover and service at competitive rates.
U.K. War Risks Club Awarded Excellent Financial Rating
The United Kingdom Mutual War Risks Association Limited (U.K. War Risks Club) is pleased to announce that it has been awarded an A- "excellent" financial strength rating with a "stable" outlook from AM Best, the insurance rating and information source. AM Best’s rating reflects the U.K. War Risks Club’s “excellent risk adjusted capitalisation,” “good operating performance” and “good business profile.” Although the rating agency expects performance to remain volatile, reflecting the inherent nature of war risks insurance, the U.K. Despite the volatility of this sector, the U.K. War Risks Club has reported a post-tax surplus in four of the last five years.
