AM Best B (fair) and bb+ ratings reconfirmed and welcomed

AM Best has affirmed the financial strength rating of Scandinavia Insurance Company (SIC), the underwriting subsidiary of St Petersburg-based Oslo Marine Group, as B (Fair). The company’s issuer credit rating remains at bb+ and the outlook for both ratings is stable.

Keith Parker, managing director of OMG’s London office, said: “During 2008 we embarked on a programme to re-focus SIC’s activity, enabling us to leverage our specialist expertise in the marine sector. This affirmation of the company’s rating during challenging trading conditions will help us progress that initiative.”

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

Topics