KUALA LUMPUR, May 18 (Bernama) -- A.M. Best outlook for the
Long-Term ICR has been revised to stable from positive for Aurigen Reinsurance
Ltd (Pembroke, Bermuda) based on the company's intention to merge Aurigen
Reinsurance Ltd with PartnerRe Life Reinsurance Company of Bermuda Ltd and
eliminate Aurigen Reinsurance Ltd. The outlook for the FSR remains stable.
However, A.M. Best has withdrawn the ratings as the company has requested it will no longer participate in A.M. Best's interactive rating process, a statement said.
Earlier A.M. Best affirmed the financial strength rating (FSR) of A (excellent) and the long-term issuer credit rating (Long-Term ICR) of ‘a' of the company.
The ratings reflect Aurigen Reinsurance Ltd's balance sheet strength which A.M. Best categorises as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
A.M. Best is the world's oldest and most authoritative insurance rating and information source. More information at www.ambest.com.
-- BERNAMA
No comments:
Post a Comment