General Accident Insurance Company has retained its ratings from the Caribbean Information and Credit Rating Services Limited for the fourth consecutive year.
The company maintained its jmA- (Foreign Currency Rating) and jmA (Local Currency Rating) on the Jamaica national rating scale, reaffirming its good creditworthiness relative to other obligors in Jamaica.
These ratings reflect GenAc's ability to meet its financial commitments and effectively navigate the challenges of the insurance industry.
CariCRIS also assigned a stable outlook to GenAc, highlighting the company's robust strategies to sustain profitability, strong capital adequacy, and prudent risk management.