A.M. Best Co. has withdrawn the A- (Excellent) indicative financial strength rating of Danish Re Bermuda Ltd., following the delay in completing a USD 200 million private equity placement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.
NAIC Victim of Cyber Incident Via PeopleSoft System 
What Happens to Property Pricing in ’27, Insurance, Reinsurance Execs Ask 
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
Ship Insurers Set for Major Claims From Iran War, Allianz Says 
