Century Insurance Company (Guam) Limited (CIC Guam) has reached a new milestone by earning an “A-” Financial Strength Rating (Excellent) from AM Best, up from its previous “B++” (Good) rating and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good). The upgrades are a clear reflection of CIC Guam’s financial strength, consistent performance, and effective risk management, even in the face of recent challenges like Typhoon Mawar in 2023.
For our customers, these upgrades translates to greater security and trust. With an “A-” rating, Century Insurance is better positioned to meet its financial commitments, ensuring that policyholders receive the reliable service and support they deserve, especially when they need it most.
Century Insurance President George Chiu expressed his gratitude and pride in the team’s collective effort to achieve this double milestone, stating:
“This upgrade is a testament to the hard work and dedication of our entire team. Achieving an ‘A-‘ rating was not easy, but together, we made it possible. It reflects our unwavering commitment to our customers in the region, ensuring they receive the highest level of service and security. We’re proud of what we’ve accomplished, and we’ll continue to strive for excellence.”
This significant achievement underscores Century Insurance’s continued commitment to providing excellence and stability to its customers throughout the region.
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