Queen City Assurance and Vine Court Assurance Incorporated, captives of The Kroger Company domiciled in Vermont, have been assigned financial strength ratings of “A (Excellent)” and issuer credit ratings of “a” by A.M. Best.
The ratings are based on Queen City and Vine Court’s individual and combined profiles as single parent captives of The Kroger Company.
According to A.M. Best, the ratings also are based on both companies’ excellent risk-adjusted capitalisation, substantial net income and underwriting profitability, a growing capital base, conservative investments and a strong adherence to the parent’s robust risk controls and overall risk culture.
These significant strengths are partially offset by their risk concentration, which is the result of being single parent captives of The Kroger Company, coupled with a substantial aggregate limit retained by the captives.
