Oldwick, New Jersey
03 February 2017
Reporter: Katherine Brown

Kroger captives retain 'excellent' ratings


A.M. Best has affirmed the financial strength rating of “A- (Excellent)” and the long-term issuer credit rating of “a” to Queen City Assurance and Vine Court Assurance, both located in Burlington, Vermont.

According to A.M. Best, the positive ratings are based on Queen City and Vine Court’s individual and joint profiles as single-parent captives of The Kroger Company.

The positive ratings are also due to both captives’ risk-adjusted capitalisation, substantial net income and underwriting profitability, as well as their growing capital base, conservative investments and a strong adherence to the parent’s robust risk controls and overall risk culture.

A.M. Best also noted that the captives’ return measures on a group and individual basis are frequently positive, which it said highlights the company’s prudent pricing and deployment of capital.

Partially offsetting these strengths are the companies’ risk concentration—a consequence of being single-parent captives of The Kroger Company—and the significant aggregate limit retained by the captives.

A.M. Best recognised the aim of the captives and the financial resources and support they are offered as part of The Kroger Company.

More ratings news
The latest news from Captive Insurance Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
KBRA Europe registered by ESMA
15 November 2017 | Dublin | Reporter: Becky Butcher
Kroll Bond Rating Agency Europe has officially been registered as a credit rating agency by the European Securities and Markets Authority (ESMA), effective 13 November
Revised outlook for SBLI
13 November 2017 | Oldwick | Reporter: Lorella Fava
A.M. Best has revised The Savings Bank Mutual Life Insurance Company of Massachusetts’ (SBLI) long-term issuer credit rating outlook from stable to negative
A.M. Best upgrades AES’s captive ratings
9 November 2017 | Oldwick | Reporter: Lorella Fava
A.M Best has upgraded the financial strength rating of AES Global Insurance Company (AGIC) from B+ (Good) to B++ (Good)
KBRA releases new captive rating methodology
02 November 2017 | New York | Reporter: Becky Butcher
Kroll Bond Rating Agency (KBRA) has published its new global captive rating methodology
Dow Chemical captive rated ‘excellent’
04 October 2017 | Oldwick | Reporter: Barney Dixon
A.M. Best has affirmed the financial strength rating and long-term issuer credit rating of Dorinco Reinsurance Company at “A (Excellent)” and “a”, respectively, and their outlook remains stable
A.M. Best gives the Greenlight
02 October 2017 | Oldwick, New Jersey | Reporter: Jenna Lomax
Greenlight Reinsurance is a broker market reinsurer writing a combination of property, casualty and specialty reinsurance business
Stellar Insurance rated ‘excellent’
29 September 2017 | London | Reporter: Barney Dixon
Stellar Insurance Limited has received a financial strength rating and long-term issuer credit rating of “A (Excellent)” and “a”, respectively, from rating agency A.M. Best