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AM Best Affirms Credit Ratings of Republic Insurance Company (Cayman) Limited

BY Business Wire | CORPORATE | 03:55 PM EDT

OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of ?bbb? (Good) of Republic Insurance Company (Cayman) Limited (Republic Insurance) (Cayman Islands). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect Republic Insurance?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. Republic Insurance?s ratings also take into account the credit profile of its ultimate parent, Republic Financial Holdings Limited, which continues to exert some downward pressure on the overall rating assessment.

Republic Insurance?s balance sheet continues to be supported by ample liquidity and a stable capital base, built upon a sizable holding of investment-grade, fixed-income securities, reflected in the strongest level of risk-adjusted capitalization, as measured by Best?s Capital Adequacy Ratio (BCAR). The investment portfolio is composed primarily of short-duration sovereign debt, quasi government securities and corporate bonds. Republic Insurance has produced positive operating earnings consistently with premium levels being driven by lending activity at the affiliated banking company. The company?s net investment income continues to grow in tandem with its invested asset base, which supports overall profitability.

Republic Insurance?s business profile is continuously challenged by the economic environments of the countries that it primarily operates in, which includes Trinidad & Tobago, Barbados, Guyana and Grenada. Overall, the majority of business is heavily concentrated in Trinidad and Tobago, which increases the company?s potential exposure to heightened economic and political risks, and are factors that are being closely monitored by AM Best.

This press release relates to Credit Ratings that have been published on AM Best?s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best?s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best?s Credit Ratings, Best?s Performance Assessments, Best?s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best?s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright ? 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Source: AM Best

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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