A.M. Best Assigns Ratings to Investors Trust Assurance SPC
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Ratings reflect A.M. Best`s opinionthat Investors Trust is well capitalized
GRAND CAYMAN, Cayman Islands--(Business Wire)--
Investors Trust Assurance SPC ("Investors Trust") today announced that A.M. Best
Co. has assigned it a financial strength rating of B++ (Good) and issuer credit
rating of "bbb+" with the assigned outlook being stable.
A.M. Best`s ratings of Investors Trust consider the company`s profitable
operations and the rating agency`s opinion that Investors Trust is well
capitalized relative to its net liabilities. The ratings acknowledge Investors
Trust`s growing network of independent financial advisors in Latin America and
Asia Pacific, its seven-year operating history since inception, management`s
prior history of relevant investment and insurance marketing experience, and
A.M. Best`s opinion that the company`s business plan to steadily grow contract
placements is reasonable.
"This rating by A.M. Best reaffirms the strength of our product structure and
services because we have an open architecture platform that allows for
independent custody of assets, independent asset management, and segregation of
policyholder assets into individual trusts for the benefit of our
policyholders," said Investors Trust CEO William Zelaya. "Emerging market
investors now have a stronger affinity towards Investors Trust products as a
major alternative for offshore investment opportunities."
According to Zelaya, investors buy offshore products because they are more cost
effective, tax efficient and flexible than typical onshore product, and they
offer clients a way to protect themselves against the risk of political
instability and inflation in their home country.
"We are also constantly innovating, investing in technology that allows clients
to go online to manage their policies, including the ability to change their
underlying allocations instantly," said Zelaya. "We are one of the few companies
in the offshore financial sector that allows policyholders to make such changes
online, for which our clients have a greater comfort level in knowing that they
are in control of their financial decisions and can access their plans at any
time." Investors Trust also offers its website in Chinese, Spanish and
Portuguese, covering most of its policyholders` primary languages.
For Best`s Credit Ratings, an overview of the rating process and rating
methodologies, please visit www.ambest.com/ratings.
The principal methodologies used in determining these ratings, including any
additional methodologies and factors that may have been considered, can be found
at www.ambest.com/ratings/methodology.
About A.M. Best
Founded in 1899, A.M. Best Company is a global full-service credit rating
organization dedicated to serving the financial and health care service
industries, including insurance companies, banks, hospitals and health care
system providers. For more information, visit www.ambest.com.
About Investors Trust Assurance SPC
Investors Trust Assurance SPC is an AM Best "B++" (Good) rated leader in the
offshore insurance business offering comprehensive unit-linked insurance plans
to investors in Latin America and Asia Pacific. Established in 2002, Investors
Trust (formerly known as AIIT) is a registered insurance company holding an
Unrestricted Class B Insurer License from the Cayman Islands Monetary Authority.
Investors Trust seeks to provide opportunities to its policyholders through
access to the global financial markets. Visit www.investors-trust.com for more
information.
Burson-Marsteller
Robert Cadogan, 305-347-4305
ROBERT.CADOGAN@BM.COM
Copyright Business Wire 2009
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