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18 December 2013Law & regulation

Royal Dutch Shell’s captive receives rating affirmation

Royal Dutch Shell’s Vermont-based captive, Noble Assurance Company has had its A+ (Superior) rating affirmed by AM Best, with a stable outlook.

AM Best commended Noble for its “strong capital adequacy, stable earnings and consistent surplus growth as evidenced by continued surplus levels through 2013 and projections beyond”. It also said that the captive benefitted from a strong captive manager and the high level of management involvement in the risk management framework.

AM Best added that “positive underwriting returns and a conservative investment strategy have contributed to strong risk-adjusted capitalization as measured by Best's Capital Adequacy Ratio.”


More on this story

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23 November 2023   The insurance company is a captive of Italian company Eni.
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21 November 2023   The Bermuda-based captive has a strong balance sheet, the rating agency said.
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20 November 2023   The pair of captives are both domiciled in Bermuda.

More on this story

news
23 November 2023   The insurance company is a captive of Italian company Eni.
news
21 November 2023   The Bermuda-based captive has a strong balance sheet, the rating agency said.
news
20 November 2023   The pair of captives are both domiciled in Bermuda.