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Article: A.M. Best Affirms Ratings of Flagstone Alliance Insurance and Reinsurance PLC.
- Article from:
- Health & Beauty Close-Up
- Article date:
- October 28, 2009
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A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Flagstone Alliance Insurance and Reinsurance PLC (FAIR) (Cyprus).
The outlook for both ratings is stable.
The ratings are based in part on the explicit support of Flagstone Reassurance Suisse SA (Martigny, Switzerland), which is the main operating subsidiary of Flagstone Reinsurance Holdings Limited (Hamilton, Bermuda) [NYSE:FSR] (collectively referred to as Flagstone Re).
The stable outlook reflects FAIR's solid capitalization and the explicit parental support from a 65 percent quota share reinsurance treaty, with the added security ...