The FSR of Renaissance Reinsurance Ltd., Hamilton, Bermuda, was upgraded from “A” to “A+” by A.M. Best. The rating action also applies to the company’s substantially reinsured subsidiary, Renaissance Reinsurance of Europe. The “A-” FSR on Glencoe Insurance Ltd. and the “B+” FSR of Nobel Insurance Company, both subsidiaries of RenaissanceRe Holdings Ltd., were affirmed. In addition, the existing trust preferred securities issued by RenaissanceRe Capital Trust were assigned a rating of “bbb+.”
Was this article valuable?
Here are more articles you may enjoy.
Florida Agents Appointed With Citizens Drops as Carrier Competition Grows 
Here Are Some AI Doomsday Scenarios Researchers Say Could Put Humanity at Risk 
Florida OIR Orders Unlicensed RRG to Cease and Desist After Owners Arrested 
AXA XL Launches Insurance Company, AXA XL E&S From This Issue
