A.M. Best Co. announced that it has assigned a “bbb” rating to the forthcoming $200 million senior notes due 2014 to be issued by Bermuda-based Aspen Insurance Holdings Limited (AHL). Best also assigned AHL a “bbb” issuer credit rating.
“The issue matures in 2014 but can be redeemed by AHL at any time,” said Best. The outlook for both ratings is stable.
Best also noted that the “financial strength ratings for the following subsidiaries of AHL remain unaffected and the outlook is stable:
— Aspen Insurance UK Limited – A (Excellent)
— Aspen Insurance Limited – A- (Excellent)
— Aspen Specialty Insurance Company – A- (Excellent)
Was this article valuable?
Here are more articles you may enjoy.
NAIC Says Data Taken in Hack Has Been Published Online 
IMA Latest to Sue Howden Over Alleged Employee Poaching 
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
