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.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
Judge Awards Applied Systems Preliminary Injunction Against Comulate 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions From This Issue
