Alandia A- rating affirmed with stable outlook by S&P Global Ratings
S&P Global Ratings has on November 1 affirmed Alandia’s outlook to stable and affirmed Alandia A- rating.
According to S&P Global Ratings Alandia’s outlook is stable due to S&P expectation that over a two-year outlook horizon, Alandia can maintain its current underwriting performance and robust capital comfortably exceeding S&P ‘AAA’ benchmark.
S&P Global Ratings anticipate Alandia will maintain its solid excess capital above the ‘AAA’ level according to S&P: s risk-based capital model. S&P view Alandia’s solid capital base above the ‘AAA’ level as a key rating strength. Moreover S&P highlights that Alandia’s capital position proved resilient throughout the market volatility experienced in 2021 and 2022.
The A- rating continues to be a fundamental cornerstone in achieving Alandias strategic goals, therefore we will do our outmost to keep the rating stable and look forward to continue to be a strong and reliable partner for our customers.
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Alandia is an insurance company with focus on Marine, Cargo and Boat insurance. With 85 years of experience Alandia delivers swift and relevant service and marine insurance solutions that provide long-term security, reduce risk and resource utilisation. Headquartered on the Aland Islands and with offices in Helsinki and Stockholm Alandia employs approximately 120 professionals. alandia.com