A.M. Best Affirms Credit Ratings of Palms Insurance 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 Palms Insurance Company, Limited (Palms) (George Town, Cayman Islands). The outlook of these Credit Ratings (ratings) remains stable. The ratings reflect Palms’ solid risk-adjusted capitalization, history of consistently strong operating performance and conservative balance sheet strategies, as well as the captive’s strong integration within the