AM Best Affirms Credit Ratings of Gulf Insurance Limited

Ratings reflect Gulf's strong balance sheet, operating performance, and enterprise risk management.

Published on Mar. 5, 2026

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AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" (Good) of Gulf Insurance Limited (Gulf) in Trinidad and Tobago. The ratings reflect Gulf's very strong balance sheet, strong operating performance, limited business profile, and appropriate enterprise risk management.

Why it matters

The affirmation of Gulf Insurance's credit ratings by AM Best signals the company's financial stability and ability to meet its obligations, which is important for its policyholders and the broader insurance market in the Caribbean region.

The details

AM Best cited Gulf's strongest level of risk-adjusted capitalization, favorable investment portfolio, and high-quality reinsurance programs as key factors supporting the ratings. While the company experienced a modest decline in operating performance in 2024 due to high claims, its longer-term earnings have been consistent, driven by underwriting, fee, and investment income. Gulf offers a wide range of general insurance products and has a strong presence and brand recognition in its primary market of Trinidad & Tobago.

  • AM Best affirmed Gulf Insurance's ratings on March 5, 2026.

The players

Gulf Insurance Limited

A general insurance company based in Trinidad and Tobago.

Assuria N.V.

The largest financial institution in Suriname and the ultimate parent company of Gulf Insurance Limited.

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The takeaway

The affirmation of Gulf Insurance's credit ratings by AM Best demonstrates the company's financial strength and stability, which is crucial for maintaining policyholder trust and competitiveness in the Caribbean insurance market.