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AM Best Affirms Credit Ratings of United Kingdom Mutual War Risks Association Limited

AM Best Affirms Credit Ratings of United Kingdom Mutual War Risks Association Limited
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AM Best Affirms Credit Ratings of United Kingdom Mutual War Risks Association Limited

AM Best Affirms Credit Ratings of United Kingdom Mutual War Risks Association Limited
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AM Best Affirms Credit Ratings of United Kingdom Mutual War Risks Association Limited

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of United Kingdom Mutual War Risks Association Limited (UK War Risks ....

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AM Best Affirms Credit Ratings of United Kingdom Mutual War Risks Association Limited

AM Best Affirms Credit Ratings of United Kingdom Mutual War Risks Association Limited
insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.

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AM Best Affirms Credit Ratings of United Kingdom Mutual War Risks Association Limited

AM Best Affirms Credit Ratings of United Kingdom Mutual War Risks Association Limited
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of United Kingdom Mutual War Risks Association Limited (UK War Risks or the Association) (United Kingdom). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect UK War Risks balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
UK War Risks balance sheet strength is underpinned by its risk-adjusted capitalisation that is at the strongest level, as measured by Best s Capital Adequacy Ratio (BCAR). Offsetting balance sheet strength factors include the Association s small capital base and its dependence on reinsurance. UK War Risks cedes almost all of its underwriting risk to third-party reinsurers, retaining onl ....

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