13x Ex­cel­lent for Massy United In­surance

The Star (St. Lucia) - - LOCAL -

A.M. Best, one of the world’s premier in­surance rat­ing agen­cies, has reaf­firmed the fi­nan­cial strength and sta­bil­ity of Massy United In­surance (MUI) for a thir­teenth con­sec­u­tive year. This rat­ing of A- (Ex­cel­lent) with a sta­ble out­look is in­dica­tive of the re­gional in­surance com­pany’s con­sis­tently strong bal­ance sheet as well as its “ap­pro­pri­ate en­ter­prise risk man­age­ment”, ac­cord­ing to A.M. Best Rat­ing Ser­vices Inc.

What this means for cus­tomers, ac­cord­ing to CEO Randy Gra­ham, is that they can rest as­sured that Massy United In­surance will con­tinue to pro­vide them with su­pe­rior cus­tomer ser­vice, quick and fair claims set­tle­ments and com­pre­hen­sive in­surance so­lu­tions. “We are, of course, pleased to re­ceive an A-(Ex­cel­lent) rat­ing for yet another year. How­ever, we are not sur­prised,” stated Gra­ham. “Massy United In­surance has al­ways sought to pro­vide our clients with the peace of mind that in­surance ought to pro­vide. This rat­ing demon­strates that we have the abil­ity to sup­port our clients be­fore, dur­ing and after a dis­as­ter.”

This re­cent A- (Ex­cel­lent) rat­ing comes even in light of the fi­nan­cial loss that the in­surance com­pany suf­fered over the year ended Septem­ber 2017. The loss was pri­mar­ily due to the dev­as­tat­ing hur­ri­cane sea­son last year, which re­sulted in the in­surer re­ceiv­ing claims in the amount of US$262 mil­lion from across the re­gion. “The hur­ri­cane sea­son af­fected us all but our pri­or­ity, as al­ways, was en­sur­ing that we set­tled claims quickly and fairly, so our cus­tomers could be­gin to re­build their lives,” com­mented Gra­ham.

“Our ex­pe­ri­ence, ex­per­tise and range of in­no­va­tive in­surance so­lu­tions en­able us to be a re­li­able part­ner to our clients, par­tic­u­larly dur­ing a catas­tro­phe,” con­tin­ued Gra­ham. “We’ve se­cured our rein­sur­ance sup­port and are ready to as­sist our MUI fam­ily, through the 2018 hur­ri­cane sea­son and be­yond.”

With its head­quar­ters in Bar­ba­dos, Massy United In­surance Ltd. has over 40 years’ ex­pe­ri­ence pro­vid­ing gen­eral in­surance cov­er­age to the Caribbean. The com­pany of­fers a range of prod­ucts and ser­vices for home, mo­tor, busi­ness, ma­rine, ac­ci­dent and travel in­surance and op­er­ates in 18 ter­ri­to­ries through­out the English- and Dutch-speak­ing Caribbean. The fi­nan­cially strong and re­li­able com­pany is part of the Massy Group, a re­gional group of over 60 com­pa­nies. Massy United In­surance is rep­re­sented in Saint Lu­cia by United In­surance Agents (Saint Lu­cia) Ltd.

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