PRESS RELEASE

Caribbean Alliance Insurance Co., Ltd. Receives Further Financial Strength Upgrade

A.M. Best Company has reaffirmed the Financial Strength rating of Caribbean Alliance Insurance Company Ltd. as A (Excellent) Stable.

A.M. Best is a U.S. based financial rating agency that focuses on the insurance industry. A.M. Best's Financial Strength Ratings represent the company's assessment of an insurer's ability to meet its obligations to policyholders. The rating process involves reviews of a company's balance sheet, operating performance and business profile, including comparisons to peers and industry standards and assessments of an insurer's operating plans, philosophy and management.

For further information on A.M. Best, please visit their website www.ambest.com

Caribbean Alliance is the only General Insurance Company to have achieved this rating across the whole of the Eastern Caribbean.

Caribbean Alliance Managing Director, Ernest Letby confirmed they are very pleased to have had our rating reaffirmed for the second year to the highest rating in the Caribbean as it distinguishes us as a leader in the Caribbean within the General Insurance Market.

Caribbean Alliance continues to operate on the Islands of Anguilla, Antigua & Barbuda, British Virgin Islands, Bahamas, Barbados, Cayman Islands, Dominica, Grenada, Montserrat, St. Kitts & Nevis, St. Lucia, St Maarten, St. Vincent and the Grenadines and Turks and Caicos.

Caribbean Alliance, with its head office in Antigua is now a truly Pan Caribbean Insurer with a Financial Rating to match.