Bermuda-domiciled Evergreen Insurance Company Limited (EICL) has had its financial strength rating downgraded to “A-” (Excellent) and long-term issuer credit rating downgraded to “a-” (Excellent) by AM Best after the captive decided to cease underwriting new business.
EICL is the pure captive owned by Taiwanese shipping and transportation conglomerate Evergreen Group.
Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.
