In the ‘Best’s Briefing’, it explained that the current catastrophe bond market exists primarily to provide reinsurance for catastrophic events like Hurricane Irma
The results suggested that the levels of growth were profitable and in line with historical averages, marking it the fifth year of above-par operating results
A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer credit rating of “a” of Transmonde Services Insurance Company, the single-parent captive of SGS
A.M. Best continues to hold its outlook for the reinsurance sector at "negative", suggesting the ongoing market challenges “hinder” the potential for positive ratings action
A.M. Best has affirmed the financial strength rating of “A- (Excellent)” and long-term issuer credit rating of “a-“ of Maxserguros EPM, the single-parent captive insurer of Empresas Publicas de Medellin E.S.P. (EPM)
Coastal Medical Insurance has requested to withdraw from the A.M. Best interactive ratings process
A.M. Best has assigned a financial strength rating of “A (Excellent)” and a long-term issuer credit rating of “a+” to Scotia Reinsurance, located in Barbados
A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer credit rating of “a” of The Doctors Company and captives
