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S&P 'A' Rating assigned to GAIIL |
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August 2008 - Standard & Poor’s Ratings Services assigned an “A” financial
strength and counterparty credit rating to Great American International Insurance
Ltd (GAIIL), an Irish-domiciled property/casualty insurance writer ultimately
owned by American Financial Group Inc.
The outlook is stable.
"The ratings on GAIIL reflect the company's status as the international
arm of the core Premier Lease and Loan Services Division of Great American
Insurance Co," said Standard & Poor's credit analyst Steven Ader.
"The ratings are supported by GAIIL's underwriting of a core and integral
line of business consistent with the group, explicit support rendered by a
strong quota-share arrangement, and management's commitment to maintaining
extremely strong levels of capital."
Julian
Bartlett, Group Managing Director, GAIIL said, “I am delighted we have received this
rating. This represents a very strong
vote of confidence in our corporate financial stability, something I am aware
is naturally of huge importance to our current and future customers.”
Click here to go to Standard & Poor's Credit Rating List
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2009 Annual Report available for download
The 2009 Annual Report of American Financial Group, Inc now available for download.
Lease & Loan Insurance Services Ltd and GAI International Insurance are both part of American Financial Group, Inc. based in Cincinnati, Ohio, US. The Group’s Annual Report for 2009 is now available for download.
Download Annual Report Here
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