AM Best affirms ratings of Shell captives

AM Best has affirmed the financial strength ratings of ‘A’ (excellent) and the long-term issuer credit ratings of “a+” (excellent) of Switzerland-domiciled Solen Versicherungen AG (SVAG) and Texas-domiciled Noble Assurance Company (Noble).

Both are single parent captives owned by Shell plc and the outlook for all ratings is stable.

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