A.M. Best has affirmed the Financial Strength Rating of A(Excellent) and the Long-Term Issuer Credit Rating of "a" ofCaribbean Alliance Insurance Co.Ltd.. The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect CAIC's continued strong risk-adjustedcapitalization, historically favorable overall results and established marketpresence in the Eastern Caribbean. The ratings also consider CAIC'sconservative management philosophy and effective risk management procedures,which includes a comprehensive reinsurance program developed to mitigateexposure to natural catastrophes.

CAIC continues to enhance its surplus position as a resultof better than average earnings from robust underwriting results and steadylevels of interest income. CAIC's risk-adjusted capitalization and operatingperformance metrics consistently place the company toward the top of itsCaribbean peer group. The ratings are further bolstered by CAIC's strong marketprofile and its management team's extensive knowledge of the territories inwhich the company operates.