SILAC outlook downgraded due to decline in reinsurance quality
December 27, 2023 by Kenneth Araullo
Utah-based SILAC Insurance Company (SILAC) has had its outlook adjusted from stable to negative by AM Best.
The shift to a negative outlook is primarily due to a decline in the quality of SILAC’s reinsurance counterparties and a decrease in risk-adjusted capital, as measured by Best’s Capital Adequacy Ratio (BCAR).
Click HERE to read the full story via Insurance Business Mag
Originally Posted at Insurance Business on December 22, 2023 by Kenneth Araullo.
Categories: Industry Articles