17.09.2008, 19:47
Expert RA Assigned Rating to Eastern Re-Insurance Company
OREANDA-NEWS. September 17, 2008. The Expert RA has assigned the A rating (high credibility) to Eastern Re-insurance Company. High rates of business development including international operations contributed to the company’s rating. The company has sufficient own funds with low ratio of accounts payable to the company’s assets and high liquidity ratios. “Unstable investment portfolio and growing un-profitability of insuring road transport undermined the re-insurer’s financial consistency, - says Natalya Komleva, Expert RA, department of rating of financial institutions.
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