AM Best Affirms Credit Ratings of Greenval Insurance Company Designated Activity Company

AMSTERDAM–(GOOD WIRE)–
AM Best has affirmed a Financial Strength Rating (FSR) of A- (Good) and a Long Term Credit Rating (ICR) of “a-” (Excellent) of Greenval Insurance Company Designated Activity Company (Greenval) (Ireland). The loan format (parts) is fixed.

These ratings reflect Greenval’s strengths, which AM Best considers to be strong, as well as its strong performance, neutral business history and strong corporate governance (ERM).

Greenval is the auto insurance company Opinions of the company Arval Service Lease SA (Arval), a car rental company owned by BNP Paribas SA, a global banking group based in the country’s capital. France.

Greenval’s balance sheet strength assessment is driven by its risk-adjusted capital adequacy ratio, as measured by Best’s Capital Adequacy Ratio (BCAR). The company also benefits from smart bookings, a suitable insurance program, and a liquid cash profile.

The company’s operating history is shown by a five-year (2017-2021) combined ratio of 77.4% (as calculated by AM Best) and a five-year (2017-2021) return-on-equity ratio. 38.3% (as calculated by AM Best). The results of the registration have been consistently profitable, benefiting from the opportunity to be captured and the opportunity to acquire more Arval vehicles.

As an established insurer providing car insurance in Arval, Greenval’s underwriting profile is rooted in car insurance but is very different. An analysis of Greenval’s business also shows its importance to Arval, such as its own car insurance. Greenval’s ERM is considered tailored and appropriate based on the company’s risk profile and performance.

AM Best is still the leading alternative risk rating agency, with more than 200 vehicles rated worldwide. For the latest information on Best Credit Ratings and independent data on the captive insurance market and other risk management strategies, please visit www.ambest.com/captive.

This article relates to the Credit Ratings published on the AM Best website. For more information on ratings related to issuance and relevant disclosures, including details of the office responsible for issuing all ratings listed in this publication, please see AM Best’s. Recent Actions Web page. For more information on the application and limitations of the Credit Rating concept, please see Best’s Credit Ratings Guide. For more information on the appropriate use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best’s social media, please see Tips for Effectively Using Quality Scores & Tests.

AM Best is a global credit agency, news publisher and data analytics provider specializing in the insurance industry. Headquarters at United Statesthe company does business in more than 100 countries with regional offices London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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Morgane Hillebrandt
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General Manager,

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Source: AM Best