AM Best Downgrades Issuer Credit Ratings of A-CAP Group Members; Places Credit Ratings Under Review With Negative Implications
Concurrently, AM Best has placed these Credit Ratings (ratings) under review with negative implications.
- Concurrently, AM Best has placed these Credit Ratings (ratings) under review with negative implications.
- The Long-Term ICR downgrade is based on A-CAP Group’s risk management of reinsurance counterparties and its reliance on those counterparties.
- The underlying collateral is under review, as well as the financial wherewithal of its unaffiliated reinsurers over the near term.
- For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .