Alandia A- rating affirmed with stable outlook
S&P Global Ratings has on October 4 revised Alandia’s outlook to stable and affirmed Alandia A- rating.
According to S&P Global Ratings Alandia has, during the past two years, taken actions to remediate its technical performance, which has led to improved underwriting results that S&P Global Rating expect will continue.
Alandia’s capital adequacy has also proven resilient to market volatility and the company’s buffer over S&P ‘AAA’ benchmark has remained comfortable.
The stable outlook indicates S&P expectation that Alandia can maintain its current underwriting performance, robust capital comfortably exceeding S&P ‘AAA’ benchmark, and investment risk appetite.
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.
Alandia is an insurance company with focus on Marine, Cargo and Boat insurance. With over 80 years of experience Alandia provides superior marine insurance expertise and claims service to its customers by creating long-term relationships in a committed and accountable way. Headquartered in Aland islands and with offices in Helsinki, Stockholm and Gothenburg Alandia employs approximately 120 professionals. alandia.com