AM Best has revised its outlook on transport mutual insurer the TT Club from stable...
AM Best has revised its outlook on transport mutual insurer the TT Club from stable to positive.
The ratings agency said the change of outlook reflects an expectation that the current ratings could be reassessed once TT Club has demonstrated a consistent track record of strong earnings.
The mutual's rating remains B++.
Paul Neagle, TT Club chief executive, said: “The improvement in outlook means the Club has ascended a further rung on the ratings ladder and I am confident that TT is well placed to deliver consistently strong earnings in 2005 and beyond.”