KBRA Assigns Rating to Alpha International Life Assurance Company (Guernsey) Ltd.
KBRA assigns a BBB- Insurance Financial Strength Rating (IFSR) to Alpha International Life Assurance Company (Guernsey) Ltd. (AILAC).
- KBRA assigns a BBB- Insurance Financial Strength Rating (IFSR) to Alpha International Life Assurance Company (Guernsey) Ltd. (AILAC).
- Through its insurance holding company, Alpha Group (Bermuda) Ltd., the company was acquired in 2022 by Alpha Growth plc (ALGW: LSE) to further support the group’s insurance linked asset management business.
- The rating reflects AILAC’s fee-based business model with minimal balance sheet risk, experienced management team and adequate ERM framework.
- Execution above the business plan submitted to KBRA and establishment of distribution channels could result in a positive rating action.