OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has endorsed a financial strength rating of A
(Excellent) and a issuer credit rating of “a” of RBC Life Insurance
Company (RBC Life) (Mississauga, Ontario). The opinion for both
ratings is stable.
RBC Life’s ratings simulate a adequate risk-adjusted capitalization,
auspicious gain in core business lines and a clever code name
approval of a Royal Bank of Canada (RBC) [TSX and NYSE: RY]
in a Canadian market. RBC Life operates as a Canadian life insurance
operation of a parent, RBC, underneath RBC Insurance, a multiplication of RBC.
RBC Life maintains a auspicious marketplace position in Canada in the
particular vital advantages and organisation long-term incapacity insurance
markets. RBC Life also has confirmed a concentration on flourishing a individual
and organisation life segments by an boost in their operation of insurance
product solutions and enlargement of their cross-selling capabilities. RBC
Life has seen increasing sales of targeted word products through
continued enlargement of resources product offerings and a launch of the
company’s new grant risk send business. A.M. Best believes RBC
will continue to support RBC Life’s expansion initiatives, if needed, as it
has demonstrated in a past.
Partially offsetting these certain rating factors are a challenges
RBC Life faces while positioning itself to boost marketplace share in the
rival Canadian particular life and organisation collision and sickness
markets, as good as a hurdles due to a continued low interest
rate environment. A.M. Best also records that RBC Life maintains a modest
position in a resources government marketplace by a ubiquitous account
annuities, organisation annuities and segregated funds.
This press recover relates to rating(s) that have been published on
A.M. Best’s website. For all rating information relating to the
recover and impending disclosures, including sum of a office
obliged for arising any of a particular ratings referenced in
this release, greatfully see A.M. Best’s Recent
Rating Activity web page.
A.M. Best is a world’s oldest and many lawful insurance
rating and information source. For some-more information, revisit www.ambest.com.
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