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.
Brookfield Targets Global Dominance in P/C Insurance Coverage 
WTW to Acquire Newfront in Deal Worth Up to $1.3B 
Acrisure to Buy MGA Vave From Canopius 
State Farm Sued Over Policies Backed by Distressed Insurer PHL From This Issue
