A.M. Best Affirms Credit Ratings of Sveriges Ångfartygs Assurans Förening (The Swedish Club)

LONDON–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Sveriges Ångfartygs Assurans Förening (The Swedish Club) (the Club) (Sweden). The outlook of these Credit Ratings (ratings) remains stable. The ratings reflect the Club’s excellent risk-adjusted capitalisation and good, albeit volatile, performance track record. As a mutual association, the Club accepts some volatility in underwriting performance, but