A.M. Best Affirms Credit Ratings of Blue Whale Re Ltd.
The ratings reflect Blue Whale’s balance sheet strength, which
The ratings also reflect Blue Whale’s strategic position as the captive insurance company for
Blue Whale’s capitalization is very strong, albeit reliant on the parent. It operates at conservative underwriting leverage levels; however, it provides coverages with extremely large limits, and its gross exposures per loss occurrence are elevated. Although
Due to the nature of the relationship between
Positive rating actions could occur if the company’s operating performance improves to outperform similarly rated peers with supportive risk-adjusted capitalization. Negative rating action could occur if underwriting performance weakens and negatively impacts risk-adjusted capitalization over time. Negative rating action also could occur if there is a material shift in risk profile that could potentially undermine the stability and profitability of the company. Additionally, negative rating impact could occur if the parent’s credit profile materially deteriorates.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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