The counterparty credit rating and insurer FSR on Wintherthur International Reinsurance Co. Ltd. was downgraded from “AA” to “AA-” by S&P. Concurrently, those ratings were placed on CreditWatch with developing implications along with the “AA-” long-term insurer FSR; “AA-” and counterparty credit rating; and the “A-1+” short term counterparty credit ratings on Winterthur International Insurance Co. Ltd., reflecting a strategic review with respect to those commercial lines businesses currently being undertaken by the Winterthur Group.
Was this article valuable?
Here are more articles you may enjoy.
Trump Says Illegal Immigration Increased Car Insurance but Experts Say Otherwise 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
AM Best: Data Centers Pose Risks Beyond What P/C Industry Has Experienced 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit From This Issue
