AM Best keeps Bank of Montreal Insurance (Barbados) FSR at A.

(ADPnews) - Jul 30, 2010 - AM Best upheld on Thursday the A (excellent) financial strength rating (FSR) and the "a" issuer credit rating (ICR) of Bank of Montreal Insurance (Barbados) Ltd (BOMIBL).

The outlook is "stable".

BOMIBL is a reinsurance company that is ultimately owned by Bank of Montreal (TSE:BMO), the fourth-largest full service bank in Canada by assets.

The ratings of BOMIBL reflect its consistently solid underwriting performance, favorable risk-adjusted capitalisation and ample liquidity, AM Best said.

BOMIBL's financial strength and strong operating trends are founded upon the fundamentals of a conservative business model, a …