Standard & Poor's assign an "A" rating to Great American International Insurance Ltd (GAIIL)

August 2008 - Standard & Poor's Ratings Services assigned an “A” financial strength and counterparty credit rating to Great American International Insurance Ltd (GAIIL), an Irish-domiciled property/casualty insurance writer ultimately owned by American Financial Group Inc. The outlook is stable.

"The ratings on GAIIL reflect the company's status as the international arm of the core Premier Lease and Loan Services Division of Great American Insurance Co," said Standard & Poor's credit analyst Steven Ader. "The ratings are supported by GAIIL's underwriting of a core and integral line of business consistent with the group, explicit support rendered by a strong quota-share arrangement, and management's commitment to maintaining extremely strong levels of capital."

Julian Bartlett, Director, GAIIL said:
“I am delighted we have received this rating. This represents a very strong vote of confidence in our corporate financial stability, something I am aware is naturally of huge importance to our current and future customers.”

Click here to go to Standard & Poor's Credit Rating List

GAI International Insurance (GAIIL) specializes in providing insurance products for financial lessors, lenders and manufacturers. Part of the American Financial Group and established in Ireland to write insurance business in Europe and other international territories. GAI International Insurance Ltd is the trading name of Great American International Insurance Limited.

www.gaiil.com

Lease & Loan Insurance Services Ltd (LLISL) act as GAIIL’s group agency to provide insurance products and services tailored to meet the specific and ever-changing financial risk exposures facing clients.

www.llisl.com