Expert RA Upgrades British Insurance House Reliability Rating
OREANDA-NEWS. 'Expert RA' rating agency upgraded 'British Insurance House' reliability rating to A, which means high reliability. The rating outlook is stable, the third rating sublevel. The stable outlook means the high probability of maintaining the rating in the mid-term. The Company used to have rating В++, with the positive outlook.
The high investment portfolio reliability also had a positive impact on the rating.
Low liquidity of investments, the extremely high operating costs, the negative technical result in some core insurance types for 6 months 2013 were highlighted as the key rating-restraining factors.
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