S&P affirmed its ‘A-‘ counterparty credit and financial strength ratings on Rhine Reinsurance Co. Ltd. and Rhine Reinsurance (Bermuda) Ltd., known collectively as the Rhine Re Group (Rhine Re). The outlook on S&P’s counterparty credit rating was revised from stable to negative.
In a separate rating action, the ‘A’ claims paying ability rating of Imperial Fire & Marine Reinsurance Company Ltd. was placed on Rating Watch-Uncertain by DCR.
The rating actions came subsequent to announcements that Imperial Re had entered into a definitive agreement to be purchased by Rhine Re.
Topics Trends
Was this article valuable?
Here are more articles you may enjoy.
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
AIG Underwriting Income Up 48% in Q4 on North America Commercial 
Judge Awards Applied Systems Preliminary Injunction Against Comulate From This Issue
