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AM Best confirms CICA-RE's rating

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Magazine Issue: 
The insurance industry up against the risks of the future [3]
Magazine date: 
Mar 2024

CICA REAM Best [4] has confirmed the "B+" (good) financial strength and "bbb -" long-term credit ratings of the Joint Reinsurance Company of Member States of the Inter-African Conference for Insurance Markets (CICA-RE [5]). The outlook remains stable.

The rating reflects the company's solid balance sheet, adequate operating performance, neutral business profile and marginal enterprise risk management.

The average combined ratio and average return on equity (ROE) over the 2018-2022 period stood at 94% and 9% respectively.

Thu, 28/03/2024 - 12:13

Source URL: https://www.atlas-mag.net/en/category/pays/togo/am-best-confirms-cica-re-s-rating

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-209-march-2023
[4] https://www.atlas-mag.net/en/article/am-best-rating-scale
[5] https://www.atlas-mag.net/en/article/cica-re-0