GCAN excellent rating confirmed

GCAN Insurance Company’s (Toronto) financial strength rating of A (Excellent) has recently been affirmed by A.M. Best.
GCAN’s stable rating reflects its underwriting and operating performance, which supported internal growth and ability to expand its premium writings.
According to A.M. Best, “This performance record over the years has exceeded its market peers and the greater insurance industry.”
However, partially offsetting GCAN’s positive rating factors is the potential competition arising from conditions of the looming down cycle. A.M. Best adds that the world investment volatility will also be a challenge for management as they attempt to earn past levels of investment yields.