July 19, 2019
Upgrade of Optimum’s financial strength rating in reinsurance to “A” (Excellent)
MONTRÉAL, July 19, 2019 – Optimum Financial Group is pleased to announce that the financial strength rating of its two life reinsurance subsidiaries has evolved from “A-” to “A” (Excellent) with a stable outlook.
“This improvement is the result of several years of cohesive teamwork as well as excellent financial results for both our reinsurance companies”, commented Sébastien Blondeau, Executive Vice President, Optimum Re Inc.
For more details, please refer to the release issued recently by the rating agency.
About Optimum Life Reinsurance in Canada
Since 1973, Optimum Reassurance Inc. offers technical expertise, tailored solutions through personal relationships and reinsurance capacity to insurers. It is also a pioneer and leader in travel insurance. Optimum Reassurance Inc. is the only reinsurer in Canada controlled by Canadian interests. It serves its clients in Canada from its offices in Montréal, QC and Toronto, ON. www.optimumre.ca/en
About Optimum Life Reinsurance in the United States
Since 1987, Optimum Re Insurance Company offers technical expertise, tailored solutions through personal relationships and reinsurance capacity to insurers. It has also developed a recognized expertise in critical illness. Optimum Re Insurance Company serves its clients in the United States, Puerto Rico and the Caribbean from its office in Dallas, TX. www.optimumre.com
About Optimum Financial Group
Optimum Group Inc. celebrates its 50th anniversary this year. Since 1969, the Group is dedicated to the financial security of its clients. Global and privately-owned, it is diversified in the sectors of life insurance, general insurance, life reinsurance, actuarial consulting, asset management, and real estate. The Group has nearly 600 employees in subsidiaries mainly across Canada, the United States and in France. Its revenues generate 850 million Canadian dollars, its assets exceed 4.7 billion Canadian dollars and its assets under management total 7.5 billion Canadian dollars. www.optimumgroup.com
For further information, please contact:
Stéphanie Alison Berthiaume
Director, Communications and Culture
Optimum Group Inc.