LEXGARANT Outlook Revised To Positive On Stronger Performance Projections; 'B+' Ratings Affirmed

On September 11, 2019, S&P Global Ratings revised to positive from stable the outlook on LEXGARANT Insurance Company Ltd. and affirmed the 'B+' long-term insurer financial strength and issuer credit ratings.

S&P Global Ratings emphasizes that since the beginning of 2019 LEXGARANT Insurance company Ltd. has been benefitting from a hardening cycle in the aviation insurance segment, increasing business volumes, and maintaining a high level of capital adequacy.

Outlook Positive captures the view of S&P Global Ratings that LEXGARANT’s gross premiums written (GPW) will grow, combined (loss and expense) ratios will improve, and capital adequacy will remain protected. LEXGARANT Insurance Company Ltd. continues to enjoy an extremely strong risk-adjusted capital adequacy, sustained by prudent underwriting and low net risk retention, and a liquid investment portfolio.

LEXGARANT's overall business profile benefits from its geographic diversification in Europe, Middle East, and Latin America.