The stable outlook reflects confidence in CGICE’s alignment with the group strategy, consistent profitability, and strong capitalisation. This rating provides policyholders with the reassurance that their policies are backed by a company that has been assessed for its financial strength and stability.
This is also great news for Housing Associations that require a strong insurance-rated warranty provider like ABC+ Warranty.
To find out more about the new rating you can read full details here. The article states:
The entity is a subsidiary of CG Holdings (Gibraltar) Limited (CGH), the non-operating holding company of the group.
Through its primary insurance vehicle, CGICE, the group is licensed to write a variety of insurance products, with a focus on the UK pet line of business (76% of year-end 2023 gross written premium [GWP]).
With GBP 57.5 million of GWP in 2023, CGH’s profile is relatively small, with business is concentrated primarily in the competitive UK insurance market. The group’s ambitious business plans show future premium growth driven by the continued development of its pet insurance business, as well as its entry into UK home insurance.
For further information on structural warranties please contact our expert team via info@architectscertificate.co.uk or by calling 0161 928 8804.
Alternatively please complete one of our quote forms.
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