In the statement made by TÜRK P&I, as a result of the evaluation completed by Fitch Ratings in March 2024, Türk P&I; It was reported that the rating on the “National Financial Strength of the Insurer” scale was declared as “A+”, and the rating on the “International Financial Strength of the Insurer” scale was declared as “B+”.
In the statement stating that the rating outlook was changed from “stable” to “positive”, the following statements were included:
“With the statement published by Fitch Ratings on March 19, 2024, the announcement of the rating of “A+” in the “National Financial Strength of the Insurer” scale also reflects Turkish P&I’s position in national and international marine insurance, its strong and strategic capitalist structure, its reinsurance protection at the international level and its increasing It is a confirmation of its influence in the industry with its market share.
As stated in the same statement, Turkish P&I’s rating on the “International Financial Strength of the Insurer” scale is limited to Turkey’s country rating.
Turkish P&I’s rating on the “International Financial Strength of the Insurer” scale increased from “B” to “B+” level. The announced rating increase and positive outlook confirmation are proof that Turkish P&I, which has been developing its activities strongly and continuing its growth since the day it was founded, is taking firm steps both nationally and in the international marine insurance market.”
