AM Best Revises Outlooks to Positive for Russian Reinsurance Company JSC
Russian Res balance sheet strength is underpinned by its risk-adjusted capitalisation at the strongest level, as measured by Bests Capital Adequacy Ratio (BCAR).
- Russian Res balance sheet strength is underpinned by its risk-adjusted capitalisation at the strongest level, as measured by Bests Capital Adequacy Ratio (BCAR).
- An offsetting factor is the relatively low liquidity of the companys investment portfolio, with 19% of invested assets held in real estate.
- Additionally, the company has a high dependence on a single reinsurer, with which it has a long-standing relationship.
- AM Best expects good overall underwriting performance to be maintained, despite the execution risk associated with planned growth in foreign markets.