Mainstream Reinsurance Company Ltd

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Mainstream Reinsurance Company Limited (2021-08)
  • Mainstream Reinsurance Company Ltd
  • Year : Aug 2021
3 Tokens
USD 300.00
Summary

Earnings capacity is moderately strong, buoyed by the reinsurer’s competitive operating model, with the aforementioned capital raise expected to, at a minimum, reduce downside risks. These credit advantages are partially offset by a limited business profile, albeit with the factor’s assessment likely to improve over the medium to longer term as capital is efficiently deployed.

Additional Information

The business profile is limited, given low market share and limited premium diversification. While the reinsurer benefits from local cessions as well as close to market presence, premium levels in absolute terms are viewed to be comparatively constrained relative to other local and regional players operating in the same market. This is compounded by limited diversification, given significant premium concentration to the primary market.

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