The Bahamas First 2010 financials to hit or 'exceed' budget forecasts

Wed, Nov 17th 2010, 10:00 PM

By NEIL HARTNELL

Tribune Business Editor

BAHAMAS FIRST HOLDINGS yesterday said its 2010 year-end financial results were likely to hit or "exceed" internal Budget forecasts for both revenues and profitability, as its key general insurance subsidiary was removed from 'review with negative implications' by the leading global insurance rating agency.

Expressing the Bahamian property and casualty insurance group's "delight" at the action by A. M. Best, which reaffirmed Bahamas First General Insurance Company's financial strength rating of A- (Excellent) and 'a-' issuer credit rating, Patrick Ward, its president and chief executive, said "corrective actions...

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