S&P CONFIRMS A- RATING OF CGPA GROUP
S&P has recently confirmed CGPA Group’s rating with the award of a Financial Rating of A- (Stable). CGPA Europe benefits from the same rating.
The rating agency has notably highlighted CGPA Group’s strengths, such as its “well-established position in professional liability insurance, its sizable capital buffer at the excellent level as per [S&P’s] risk-based model, and its prudent reserving and pricing policies”. The renewal of this rating highlights the financial solidity of CGPA Group.
This rating is linked to the Group’s leading position in its target market, the professional indemnity of insurance intermediaries, as well as its international growth in Europe. Indeed, CGPA Europe – based in Luxembourg – has developed its activities across Europe, and has recently entered the Spanish and German markets.
CGPA Group has been dedicated to protecting insurance intermediaries for 90 years, and has is always shown stable profitability. With its 531% Solvency II margin, a “very strong” risk profile and this financial rating, CGPA Group shows significant financial strength, which is a guarantee of stability and trust for its policyholders.