The “A+” insurer FSR on Arrow Reinsurance Company Ltd. was affirmed by Fitch. The Bermuda-domiciled reinsurance company is a wholly owned subsidiary of the investment banking and asset-management company, The Goldman Sachs Group Inc, and a capital support agreement exists between the two companies. Fitch indicated that the rating is a reflection of the financial strength and explicit support of Goldman Sachs; Arrow Re’s sound underwriting policies and controls; and Fitch’s belief that Arrow Re is closely linked to its parent from a risk management and marketing perspective. These strengths were somewhat offset by the uncertainty associated with a nascent company.
Was this article valuable?
Here are more articles you may enjoy.
New Jersey Insurance Agents Are Not Exempt From Consumer Fraud Act: High Court 
Remember the Fall of Patriot National? Trial in Suit vs. Mariano’s Lawyers to Begin 
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
Ranking: Who Are the Insurance Industry’s AI Talent, Maturity Leaders? From This Issue
