National Commercial Bank Jamaica Limited (NCBJ) – Subsidiary NCBIC receives high A.M. Best Company Insurance Ranking

National Commercial Bank Jamaica Limited (NCBJ) has announced that its subsidiary NCB Insurance Company Limited (NCBIC) presently has one of the highest rankings in the Insurance industry for the 2015 – 2016 period, as stated by Best’s Credit Rating, a registered trademark of the A.M. Best Company (a global credit rating agency with a unique focus on the insurance industry).

The A.M. Best Company is a global credit rating agency with a unique focus on the insurance industry with more than one hundred (100) years of history affirming it a respected source. We are pleased to announce that NCB Insurance Company Limited (NCBIC) presently has one of the highest rankings in the Insurance industry for the 2015-2016 period with Best’s Financial Strength rating of "B" and Best’s Issuer Credit Rating of "bb+" with an overall stable outlook by Best’s Credit Rating, a registered trademark of the A.M. Best Company.

The Best’s Credit Ratings represent the company's assessment of an insurer's ability to meet its obligations to policyholders. The rating process involves quantitative and qualitative reviews of a company's balance sheet, operating performance and business profile, including comparisons to peers and industry standards and assessments of an insurer's operating plans, philosophy and management. It includes Financial Strength Ratings, Issuer Credit Ratings and Debt Ratings. The ratings for NCBIC are based on the company’s strong capitalization as measured by regulatory models and A.M. Best’s capital tools in addition to a historically stable operating profile.