Compass Insurance receives A+ rating from GCR

Compass Insurance Company Limited, the specialist insurer in the South African market, has had its claims paying ability rating reaffirmed at A+ (single A plus) with a stable outlook, by Global Credit Ratings (GCR), Africa’s leading emerging market focuse

According to Paul Carragher, Managing Director of Compass Insurance Company Limited, the rating is critical to the company. “We are very pleased that our claims paying ability has been reaffirmed at such a high level as the ability to pay out on claims is the core business proposal to our insurance business and we are very proud that GCR has recognised this in our business model.”