Hand-in-Hand Insurance rated best insurers by AM Best

The Hand-in-Hand Mutual Fire Insurance Company Ltd and the Hand-in-Hand Mutual Life Assurance Company Ltd were recognised as AM Best-rated insurers.
AM Best is the global gold standard for rating insurance companies. On August 26, upon completion of its analysis, AM Best stated, “The ratings of HIH Fire and Life Companies reflect its balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile, and appropriate enterprise risk management.”
The agency further stated that “the companies’ balance sheet strength assessment of very strong reflects each of their stable capital bases, with responsible asset-liability management and proper reinsurance coverages”.
The Chairman of the Hand-in-Hand Group, John Carpenter related, “We are extremely proud to be the first Guyanese insurers to become AM Best rated. This rating is important for Guyana, as we grow as an oil-producing nation. Ratings from such an independent and prestigious agency as AM Best, provide another measure of our strength, reliability, and commitment to serve our loyal customers with excellence.”
The Chairman noted that the Group’s current Long-Term Issuer Credit Rating of bbb+ incorporates Guyana’s level of country risk, which AM Best continues to monitor as the country’s oil boom develops.
The Hand-in-Hand Group in a release stated that it would continue to lead as pioneering insurers of superior, reliable, and affordable insurance products and services, to safeguard our valued policyholders.
AM Best is the world’s oldest and most authoritative insurance rating and information source.