A ‘B++’ FSR was assigned to Alliance International Reinsurance Company by A.M. Best. The rating reflects factors including Alliance Re’s strong initial capitalization, experienced executive team and proposed operation as a property/casualty reinsurer in select geographical regions. Also taken into account is the expectation that the company will be listed on the Cyprus Stock Exchange by early 2001, at which time the capital will be fully paid up. Additionally, A.M. Best stated that the reinsurance program is expected to be placed in line with Alliance Re’s business plan.
Due to its status as a start-up venture, the rating process for Alliance Re included an in-depth assessment of its management’s ability to meet the business plan, a factor which will largely influence future rating.
Was this article valuable?
Here are more articles you may enjoy.
NAIC Victim of Cyber Incident Via PeopleSoft System 
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
Ship Insurers Set for Major Claims From Iran War, Allianz Says From This Issue
