A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of **RoyalStar Assurance Limited** (Bahamas).

A media release from A.M. Best says the rating reflects RoyalStar’s solid capitalization, generally favourable operating results and well established presence in the Caribbean market. *”These attributes are supported by management’s commitment to effective control systems, a strong reinsurance program and knowledge of local markets”.* RoyalStar provides personal and commercial lines coverage through a network of agents and brokers throughout **The Bahamas (Nassau and Freeport)**, Cayman Islands and Turks & Caicos Islands.

Acknowledging RoyalStar’s exposure to hurricane activity in the region, A.M. Best says the level of catastrophe risk is mitigated by the company’s efficient reinsurance program, which protects capital from both frequency and severity of events. Furthermore, it points out that the Caribbean insurance market has become increasingly competitive as indigenous insurers are challenging more established companies to gain market share.

Established in 1899, A.M. Best Co. is considered the world’s oldest and most authoritative insurance rating and information source.