A.M. Best Downgrades Ratings of Risk Reinsurance Limited
Proquest LLC |
The outlook for both ratings is stable. RRL is the single parent captive of
The rating actions consider the high event retentions relative to RRL's capital target, which potentially could result in significant fluctuation of its risk-adjusted capitalization. Following a large dividend payment to Transpower in
Positive rating factors include RRL's excellent balance sheet strength and capital generation ability. The quality of Transpower's risk management has benefitted RRL's underwriting results since its inception and sustained its excellent capital generation ability so far.
Positive rating actions are unlikely at present. Negative rating actions could occur if RRL's capital target is further reduced relative to its event retentions.
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