Standard & Poor's (S&P) Interactive Rating – Outlook Revised to Positive on Improved Capital
S&P have today advised that the West's outlook has been improved to positive with immediate effect.
This welcomed change reflects West’s positive trajectory and improved relative technical performance. West’s combined ratio has been consistently better than the International Group average over the last six years which S&P attribute to disciplined underwriting selection, and this market outperformance has contributed to a strengthening in the Club’s capital position.
West is now interactively rated as A- stable outlook by AM Best, and BBB+ positive outlook by S&P.
S&P Website
The full research update can be found on the S&P website.
View here