AM Best Revises Outlooks to Positive for Somerset Reinsurance Ltd.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Somerset Reinsurance Ltd. (Somerset Re) (headquartered in Pembroke, Bermuda).
- AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Somerset Reinsurance Ltd. (Somerset Re) (headquartered in Pembroke, Bermuda).
- The change in outlooks reflect the expectation that the balance sheet strength will continue to improve.
- More specifically, risk-adjusted capitalization, as measured by Bests Capital Adequacy Ratio (BCAR), is expected to remain at the strongest level.
- AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.