Press Release|Insurance
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KBRA Places Rating of Alpha International Life Assurance Company (Guernsey) Ltd. on Watch Downgrade

9 Mar 2026   |   New York

Contacts

KBRA places on Watch Downgrade the BBB- insurance financial strength rating (IFSR) of Alpha International Life Assurance Company (Guernsey) Ltd. (AILAC).

The Watch Downgrade status reflects the lack of information available to KBRA to adequately assess results for 2024. KBRA has also been unable to assess 2025 year to date results, particularly with respect to the impact of the company's 2024 acquisition and build out of a local Guernsey insurance manager to design new products for the group’s insurers and reduce overhead expenses at AILAC by bringing a number of previously out-sourced functions in-house.

Resolution of the Watch Downgrade is expected within 90 days and will be contingent upon receipt and review of sufficient information on financial results, operations and business forecasts.

To access ratings and relevant documents, click here.

Methodologies

Disclosures

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be located here.

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan’s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S.

Doc ID: 1013853