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.
Hacking Attempts Surge as Companies, Governments Rush to Patch PHP Flaws 
Trucking Companies Confront Mounting Diesel, Insurance, Debt Costs 
Yellow Furball Mascot Liberty Biberty Sparks ‘Beautiful’ Protest. Seriously? 
Binance’s $6.3 Billion Hack: How Crypto Insurance Works From This Issue
