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AM Best Affirms Credit Ratings of Accelerant Insurance Limited AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Accelerant Insurance Limited (Malta). The company is a wholly owned subsidiary of Accelerant Holdings (Accelerant) (Cayman Islands), the non-operating holding company of the Accelerant group. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect the strategic importance of Accelerant Insurance Limited to the Accelerant group, along with Accelerant s consolidated balance sheet strength, which AM Best categorises as very strong, as well as the group s adequate operating performance, limited business profile and appropriate enterprise risk management. ....
AM Best Affirms Credit Ratings of Accelerant Insurance Limited LONDON (Business Wire) AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Accelerant Insurance Limited (Malta). The company is a wholly owned subsidiary of Accelerant Holdings (Accelerant) (Cayman Islands), the non-operating holding company of the Accelerant group. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect the strategic importance of Accelerant Insurance Limited to the Accelerant group, along with Accelerant’s consolidated balance sheet strength, which AM Best categorises as very strong, as well as the group’s adequate operating performance, limited business profile and appropriate enterprise risk management. ....
AM Best Revises Issuer Credit Rating Outlook to Negative for Folgate Insurance Company Limited LONDON (Business Wire) AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term ICR of “bb+” of Folgate Insurance Company Limited (Folgate) (United Kingdom). The outlook of the FSR is stable. The Credit Ratings (ratings) reflect Folgate’s balance sheet strength, which AM Best categorises as adequate, as well as its adequate operating performance, very limited business profile and appropriate enterprise risk management. The revision of the Long-Term ICR outlook to negative reflects pressures on the company s balance sheet strength assessment stemming from deteriorating risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR). ....