A.M. Best is the oldest and most widely recognised independent provider of financial ratings and information, with an exclusive focus on the insurance industry. Best’s Credit Ratings are internationally recognised as a benchmark of measuring a rated organisation’s financial strength and stability to meets its ongoing insurance policies, contracts and financial obligations across more than 80 countries worldwide.
In its press release on August 04, 2016, A.M. Best stated that the ratings “reflect TDCIC’s supportive Balance Sheet strength, historically favourable operating results and leading market presence in the Federation of St. Kitts and Nevis”.
Whilst several insurance companies within the Eastern Caribbean possess a rating, TDC Insurance is the only domestic insurance company to hold an A.M. Best rating independent of its parent or any affiliated company. In addition, the Company has the honour of being one of only a few companies in the region who have received a rating of this level on first application.
The rating reflects the extensive work that TDC Insurance has undertaken over the past few years to improve its processes and procedures, as well as its ambition to provide Kittitians and Nevisians with a high standard of products, services and security. The rating is a testament to the ongoing hard work and dedication of all employees and Directors at TDC Insurance, and TDC Group as a whole.
Chairman and Chief Executive of TDC Group, Mr Earle Kelly, has expressed his delight following the rating announcement: “We are extremely pleased with the rating assigned by AM Best which sets a high standard for other companies within the TDC Group. We would like to extend sincere thanks to all those who have contributed towards our success, including our supportive customers and all other stakeholders. The achievement marks an exciting new phase for TDC Insurance and secures the place of the Company, and St. Kitts and Nevis, on an international platform. We look forward to continuing to improve our standards of operations so that we may attain an even higher rating in the future!”