American credit rating agency AM Best has assigned a financial strength rating of "A" (Excellent) and a long-term issuer credit rating of "a+" (Excellent) to RSA Luxembourg S.A.
RSA Luxembourg S.A. was among four wholly-owned subsidiaries of RSA Insurance Group Limited, a non-operating holding company owned by Intact Financial Corporation (IFC), to receive these credit ratings.
The outlook assigned to these ratings is stable.
Matthew Cohen, Chief Financial Officer (CFO) of RSA Luxembourg, commented: "We are very pleased to receive this 'A' (Excellent) rating, which recognises both RSA Luxembourg's financial strength and delivery of strong underwriting results over the past few years. It also reflects the strategic direction of our leadership team and board of directors as well as our team's efforts to drive results and serve well our customers and partners".
