News
15 Oct, 2025
AM Best has reaffirmed our Financial Strength Rating
Tom Bowsher
Group CEO
West P&I has again been assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) by AM Best. The outlook assigned to these Credit Ratings (ratings) is stable.
AM Best commented upon West’s surplus after tax of USD 30.3 million and stated that the A- (Excellent) rating reflects West’s balance sheet strength which is underpinned by risk-adjusted capitalisation at “the strongest level” at year-end February 2025, as measured by Best’s Capital Adequacy Ratio.
West’s combined ratio has been consistently better than the International Group average over the last six years, and increasing support across our diversified portfolio of marine risks means the Club is forecast to write gross premium in excess of USD 400m in the year ending 20 February 2026.
