A.M. Best Affirms Credit Ratings of CIBC Reinsurance Company Limited

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of CIBC Reinsurance Company Limited (CIBC Re) (Barbados). The outlook of these Credit Ratings (ratings) is stable. CIBC Re is a life reinsurance subsidiary that is ultimately owned by the Canadian Imperial Bank of Commerce (CIBC). CIBC Re principally reinsures credit insurance policies that have been underwritten by third-party life insurance carri