A.M. Best Affirms Credit Ratings of Custodian and Allied Insurance Limited

LONDON–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb” of Custodian and Allied Insurance Limited (CAI) (Nigeria). The outlook of the FSR remains stable, whilst the outlook of the Long-Term ICR remains positive. CAI is the wholly owned non-life subsidiary of Custodian and Allied Plc. The ratings reflect CAI’s balance sheet strength, which A.M. Best categorises as very strong, as well as its ad