AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of R.V.I. Guaranty Co., Ltd. (RVI Guaranty) (Bermuda) and its subsidiary, R.V.I. America Insurance Company (RVI America) (Stamford, CT) (collectively known as RVI). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect RVI’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
RVI’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), is currently at the strongest level. RVI was acquired in May 2020, through R.V.I. Acquisition Holdings, LLC, a newly formed Delaware limited liability company, and became affiliated with Group1001. Group1001 has indicated that it is committed to RVI’s growth. The company’s strongest BCAR level, conservative investment portfolio and adequate liquidity position provide support to the balance sheet assessment