Odyssey Re Holdings Corp. reported that S&P has upgraded the rating of Odyssey America Reinsurance Corporation and its subsidiaries, Odyssey Reinsurance Corporation and Hudson Insurance Co. to “A-.” In upgrading the rating, S&P noted that it expects that Odyssey Re, because of management’s past reserve actions and limited writings during a soft market in the mid-to-late ’90s, will escape the reserve issues which many companies are now experiencing.
Was this article valuable?
Here are more articles you may enjoy.
Battle Between Applied Systems and Comulate Escalates With New Antitrust Lawsuit 
Grandson Not Covered Under Grandma’s Home Insurance 
Alliant Latest to Sue Howden US Over Alleged ‘Smash-and-Grab’ Poaching 
Insurance Regulators, Trades Get Behind Latest Effort to Abolish FIO From This Issue
