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.
CyberCube: Insured Loss Estimate From AWS Outage Likely About $40M 
Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case 
Truck Driver in Fatal Crash Repeatedly Failed Driving Tests, Florida AG’s Office Says 
World’s Largest Retirement Community Taps Muni Market to Help Build More Homes From This Issue
