A.M. Best Co. has withdrawn the A- (Excellent) indicative financial strength rating of Danish Re Bermuda Ltd., following the delay in completing a USD 200 million private equity placement offer to increase its underwriting capacity.
The A- indicative rating was assigned subject to the successful completion of the placement offer before the end of first quarter 2002.
Topics AM Best
Was this article valuable?
Here are more articles you may enjoy.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
