AM Best affirms the rating of Ghana Re

AM Best affirmed Ghana Re's "B" financial strength and "bb" long term credit rating. The outlook for both ratings is stable.

The rating reflects the financial strength of the Ghanaian reinsurer's balance sheet as well as its adequate operational performance. The balance sheet strength is marked by a high level of risk-adjusted capitalization.

AM Best says Ghana Re needs to improve its risk management in order to maximize its underwriting performance in the medium and long term.