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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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4 December 2023   The rating agency was positive about the captive’s performance.
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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.

More on this story

news
4 December 2023   The rating agency was positive about the captive’s performance.
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.