A.M. Best Upgrades Ratings of Alliance International Reinsurance Public Company Limited

2008-11-13 20:09:04 -

www.ambest.com - A.M. Best Co. has upgraded the financial strength rating (FSR) to A- (Excellent) from B++ (Good) and the issuer credit rating (ICR) to ? a- ? from ? bbb+ ? of Alliance International Reinsurance Public Company Limited (Alliance Re) (Cyprus). The outlook for the FSR is stable, and the outlook for the ICR has been revised to stable from negative.
The rating action reflects the implicit and explicit support that is provided to Alliance Re by its new parent company, Flagstone Reinsurance Holdings Ltd. (Flagstone Re).
Flagstone Re is providing Alliance Re with explicit support through both a parental guarantee and significant quota share protection. Further, A.M. Best expects Alliance Re to benefit from implicit support in the form of systems and resources that will be made available by its new parent following the completion of its integration.
For Best ? s Ratings, an overview of the rating process and rating methodologies, please visit cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ...
Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ...
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