A.M. Best Co. has upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and issuer credit rating (ICR) to “a” from “a-” of CRC (Bermuda) Reinsurance Limited (CRC), a direct wholly-owned subsidiary of Canada’s Fairfax Financial Holdings Limited. The outlook for both ratings is stable. “The ratings and outlook reflect CRC’s adequate capitalization, favorable operating and underwriting performance and relatively modest risk profile,” said Best. The majority of premiums written by CRC are ceded from the subsidiaries of Canada’s Northbridge Financial Corporation, a majority owned subsidiary of Fairfax.
Was this article valuable?
Here are more articles you may enjoy.
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
US Supreme Court Rejects Trump’s Global Tariffs 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
