PaCRe News

Best Affirms and Withdraws Ratings of PaCRe Ltd.

A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Bermuda-based PaCRe, Ltd., and has removed the ratings from under review with negative implications and assigned a negative outlook. Best said …

Hedge Funds Targeted in Senator Wyden’s Reinsurance Tax Bill

The owners of hedge fund-backed reinsurers, including one tied to John Paulson, could have to pay more taxes or shift their focus under a bill introduced by Senator Ron Wyden to counter what he called abuses by offshore companies. “For …

Ratings Recap: AEGIS, Lloyd’s Syndicate 1225, PaCRe

A.M. Best has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating to “a” from “a-” of Bermuda-based Associated Electric & Gas Insurance Services Limited (AEGIS), and has revised its outlook on both …

Ratings Recap: PaCRe, Barbados, Cotswold, Orient, Kuwait Re

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Bermuda-based PaCRe Ltd., both with stable outlooks. The ratings of PaCRe are based on its “excellent risk-adjusted capitalization as measured by …