{"id":3156,"date":"2025-07-07T20:59:39","date_gmt":"2025-07-08T00:59:39","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=3156"},"modified":"2025-07-11T06:38:31","modified_gmt":"2025-07-11T10:38:31","slug":"the-beacon-insurance-company-limited-7","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/the-beacon-insurance-company-limited-7\/","title":{"rendered":"The Beacon Insurance Company Limited"},"content":{"rendered":"<p class=\"badge\"><strong>RATING ACTION:<\/strong><\/p>\n<p>On June 13, 2025, CariCRIS reaffirmed the Issuer\/Corporate Credit Ratings assigned to <strong>The Beacon Insurance Company Limited (BICL or Beacon or the Company)<\/strong> at <em>Cari<\/em><strong>A-<\/strong> (Foreign and Local Currency Ratings) on the regional rating scale and <em>tt<\/em><strong>A- <\/strong>(Local Currency Rating) on the Trinidad and Tobago national scale. CariCRIS also reaffirmed the Financial Strength Rating assigned to Beacon at <em>Cari<\/em><strong>A-<\/strong>. A <strong>stable<\/strong> outlook was maintained.<\/p>\n<p><a href=\"https:\/\/craftedcaribbean.com\/caricris\/rating\/rating-the-beacon-insurance-company-limited\/\">Download Full Rating Rationale<\/a><\/p>\n<p class=\"badge\"><strong>RATING SENSITIVITY FACTORS:<\/strong><\/p>\n<p><strong>Factors that could, individually or collectively, lead to an improvement in the\u00a0Ratings and\/ or Outlook include:<\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li>An improvement in the market share of general insurance products in Beacon\u2019s largest market to 10% or more<\/li>\n<li>An improvement in the overall credit profile for Beacon\u2019s fixed income portfolio where more than 65% of the portfolio is rated investment grade on the Standard and Poor\u2019s (S&amp;P) rating scale, sustained for 1 financial year<\/li>\n<li>Increased profitability leading to an improvement in Return on Earning Assets (ROEA) and Return on Equity (ROE) to above 2.5% and 10% respectively, sustained for 2 financial years<\/li>\n<\/ul>\n<p><strong>Factors that could, individually or collectively, lead to a lowering\u00a0<\/strong><strong>of the Ratings and\/ or Outlook include:<\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li>A 2-notch deterioration of the credit rating of Beacon\u2019s top reinsurer<\/li>\n<li>Loss of relationship with any of the Company\u2019s major reinsurers and failure to provide viable replacements<\/li>\n<li>Lowered profitability leading to a deterioration in ROEA and ROE to below 0.5% and 3.5% respectively, sustained for 2 financial years<\/li>\n<\/ul>\n<div><\/div>\n<div><span style=\"font-size: 12pt;\"><strong>Analysts\u2019 Contact Info:<\/strong><\/span><\/div>\n<div><\/div>\n<div>\n<p>Keith Hamlet<br \/>\nMobile: 1-868-487-8356<br \/>\n<a href=\"mailto:khamlet@caricris.com\">khamlet@caricris.com<\/a><\/p>\n<\/div>\n<div><\/div>\n<p>Megan Dass<br \/>\nMobile : 1-868-713-6863<br \/>\n<a href=\"mailto:mdass@caricris.com\">mdass@caricris.com<\/a><\/p>\n<div>www.caricris.com<br \/>\n<a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/div>\n<div><\/div>\n<div><strong>Disclaimer<\/strong><strong>:<\/strong> CariCRIS has taken due care and caution in the compilation of data for this product. Information has been obtained by CariCRIS from sources which it considers reliable.\u00a0 However, CariCRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.\u00a0 No part of this report may be published \/ reproduced in any form without CariCRIS\u2019 prior written approval.\u00a0 CariCRIS is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers\/ users\/ transmitters\/ distributors of this product.<\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On June 13, 2025, CariCRIS reaffirmed the Issuer\/Corporate Credit Ratings assigned to The Beacon Insurance Company Limited (BICL or Beacon or the Company) at CariA- (Foreign and Local Currency Ratings) on the regional rating scale and ttA- (Local Currency Rating) on the Trinidad and Tobago national scale. CariCRIS also reaffirmed the Financial Strength [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"table_tags":[],"class_list":["post-3156","post","type-post","status-publish","format-standard","hentry","category-rating-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Beacon Insurance Company Limited - CariCRIS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/the-beacon-insurance-company-limited-7\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Beacon Insurance Company Limited - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On June 13, 2025, CariCRIS reaffirmed the Issuer\/Corporate Credit Ratings assigned to The Beacon Insurance Company Limited (BICL or Beacon or the Company) at CariA- (Foreign and Local Currency Ratings) on the regional rating scale and ttA- (Local Currency Rating) on the Trinidad and Tobago national scale. CariCRIS also reaffirmed the Financial Strength [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/the-beacon-insurance-company-limited-7\/\" \/>\n<meta property=\"og:site_name\" content=\"CariCRIS\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-08T00:59:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-11T10:38:31+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/the-beacon-insurance-company-limited-7\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/the-beacon-insurance-company-limited-7\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#\\\/schema\\\/person\\\/510bfdfe41fce6bedbec995f62a44967\"},\"headline\":\"The Beacon Insurance Company Limited\",\"datePublished\":\"2025-07-08T00:59:39+00:00\",\"dateModified\":\"2025-07-11T10:38:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/the-beacon-insurance-company-limited-7\\\/\"},\"wordCount\":376,\"articleSection\":[\"Rating Releases\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/the-beacon-insurance-company-limited-7\\\/\",\"url\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/the-beacon-insurance-company-limited-7\\\/\",\"name\":\"The Beacon Insurance Company Limited - CariCRIS\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#website\"},\"datePublished\":\"2025-07-08T00:59:39+00:00\",\"dateModified\":\"2025-07-11T10:38:31+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#\\\/schema\\\/person\\\/510bfdfe41fce6bedbec995f62a44967\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/the-beacon-insurance-company-limited-7\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/the-beacon-insurance-company-limited-7\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/rating-releases\\\/the-beacon-insurance-company-limited-7\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Beacon Insurance Company Limited\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#website\",\"url\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/\",\"name\":\"CariCRIS\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/#\\\/schema\\\/person\\\/510bfdfe41fce6bedbec995f62a44967\",\"name\":\"admin\",\"sameAs\":[\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\"],\"url\":\"https:\\\/\\\/craftedcaribbean.com\\\/caricris\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Beacon Insurance Company Limited - CariCRIS","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/the-beacon-insurance-company-limited-7\/","og_locale":"en_US","og_type":"article","og_title":"The Beacon Insurance Company Limited - CariCRIS","og_description":"RATING ACTION: On June 13, 2025, CariCRIS reaffirmed the Issuer\/Corporate Credit Ratings assigned to The Beacon Insurance Company Limited (BICL or Beacon or the Company) at CariA- (Foreign and Local Currency Ratings) on the regional rating scale and ttA- (Local Currency Rating) on the Trinidad and Tobago national scale. 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