River Thames Insurance Company Limited (Tr) is a private limited company that was incorporated in 1948 and is based in Guildford, United Kingdom.
The company is a subsidiary of Enstar Group Limited, a global leader in the run-off of insurance and reinsurance businesses.
River Thames Insurance Company Limited (Tr) has a strong financial strength rating and a positive reputation among its customers, suppliers, and employees.
In this article, we will give you its overview, history, products, ratings, news, and reviews.
River Thames Insurance Company Limited (Tr) history
It was established in 1948 as an assurance company under the name of The London & Overseas Assurance Corporation Limited.
The company changed its name to River Thames Insurance Company Limited in 1987 and became a non-life insurance company.
The company was acquired by Enstar Group Limited in 2015 as part of its strategy to expand its portfolio of run-off businesses.
Since then, it has been operating as a run-off insurer.
This means that it does not write any new policies but only manages its existing liabilities and assets.
River Thames Insurance Company Limited (Tr) products
It offers a variety of insurance products and services to its clients, mainly in the property and casualty, professional liability, and marine sectors.
Some of the products that the company provides are:
- Property insurance: This covers the physical damage or loss of property due to fire, theft, natural disasters, or other perils.
- Casualty insurance: This covers the legal liability or damages arising from bodily injury or property damage caused by the insured to third parties.
- Professional liability insurance: This covers the legal liability or damages arising from errors, omissions, negligence, or malpractice committed by the insured in the course of their professional activities.
- Marine insurance: This covers the loss or damage of ships, cargo, terminals, or any transport by which goods are transferred between points of origin and final destination.
Ratings
The Company has received a strong financial strength rating from A.M. Best Company, a leading credit rating agency for the insurance industry.
A.M. Best has assigned it an A- (Excellent) rating with a stable outlook.
This rating reflects the company’s:
- strong balance sheet
- adequate operating performance
- limited business profile
- appropriate enterprise risk management.
The rating also takes into account the company’s:
- risk-adjusted capitalization
- conservative investment portfolio
- comprehensive reinsurance program
- clearly defined business plan
- strong ERM framework
River Thames Insurance Company Limited (Tr) reviews
The Company has received positive reviews from its employees and business partners on Glassdoor.
Glassdoor is a website that provides insights into various companies based on employee reviews, salaries, interviews, benefits, and more.
Employees praise it’s:
- collaborative and entrepreneurial culture
- supportive and experienced leadership
- growth opportunities
- a fun work environment
Business partners appreciate it for:
- swift response
- creative solutions
- outstanding service
- consistent capacity
It also has a high rating of 5.0 out of 5 on Diversity and inclusion, which reflects its commitment to fostering a diverse and inclusive workplace.
Conclusion
River Thames Insurance Company Limited (Tr) is a hidden gem in the insurance industry that offers a range of products and services to its clients.
The company is a subsidiary of Enstar Group Limited, a global leader in the run-off of insurance and reinsurance businesses.
It has a strong financial strength rating from A.M. Best and a positive reputation among its customers, suppliers, and employees.
It is a company to watch in the run-off insurance market.
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