• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Royal Bank of Canada Insurance Co. Ltd. Aug 08 Product Image

Summary: Royal Bank of Canada Insurance Co. Ltd. Aug 08

  • Published: August 2008
  • Region: Canada
  • Standard & Poors

Abstract
The ratings on Royal Bank of Canada Insurance Co. Ltd. (RBC Insurance) reflect its well-established position in the European life retrocession market, very strong operating performance, conservative investment portfolio, and solid capital adequacy and balance-sheet position. Challenges the company faces include: concentration of its primary line of business, pursuit of a growth strategy that includes developing and expanding into new business lines with potentially volatile risk profiles, and the growing competition in the European life retrocession market. The ratings also reflect Standard & Poor's Ratings Services' view that RBC Insurance will remain a core subsidiary to its parent, Royal Bank of Canada (RBC; AA-/Stable/A-1+). The core status reflects its common branding, 100% ownership, and material earnings contribution to the RBC...

Companies mentioned in this report are:
- Royal Bank of Canada Insurance Co. Ltd.
- Royal Bank of Canada

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance READ MORE >

- Royal Bank of Canada Insurance Co. Ltd.
- Royal Bank of Canada

Note: Product cover images may vary from those shown

RELATED PRODUCTS