A.M. Best saidApril 6 that it affirmed the financial strength rating of A (Excellent) and theissuer credit rating of "a+" of five Barbados-based reinsurers: , ,TD Reinsurance (Barbados) Inc.,Royal Bank of Canada Insurance Co.Ltd. and BMO ReinsuranceLtd..
The outlookfor the ratings is stable.
Positive factorsfor the insurer's ratings include: strong capitalization, favorable operating earnings,strong return on equity and a conservative investment portfolio for CIBC Reinsurance;strong levels of capitalization, return on equity and liquidity for Scotia Insurance;and strong profitability, solid capitalization, above-average return on equity andstrong liquidity for TD Reinsurance.
Royal Bank ofCanada Insurance's diversified operating profile, solid capitalization, strong returnon equity and strong liquidity position as well as BMO Reinsurance's stable netincome trends, strong return on equity and strong liquidity, among other factors,are reflected in their ratings, A.M. Best said.