S&P Global Ratings has reaffirmed its A rating for the Britannia P&I Club.
The outlook remains stable over the next three years based on its view that the club’s current capital buffer well exceeds S&P’s AAA level requirement.
The agency said the insurer has “a track record of quality in its underwriting” and "enjoys strong returns”.
With a five-year average net combined ratio of 88.9%,
