OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Caribbean Alliance Insurance Company Limited (CAIC) (Antigua and Barbuda). The outlook for both ratings is stable. The ratings reflect CAIC’s continued superior risk-adjusted capitalization, historically consistent and favorable operating results and conservative management philosophy. The rating also considers CAIC’s effective risk management procedures,