A.M. Best Affirms Credit Ratings of Harrington Re Ltd. and Harrington Reinsurance Holdings Limited
The ratings reflect Harrington’s balance sheet strength, which
Harrington, which commenced operations in
Harrington continues to build out a diversified, multiline reinsurance book of business with a focus on longer-tailed casualty lines and strict limitations on property catastrophe risk. The investment portfolio is structured to have ample liquidity and diversification by asset class, while managing drawdown risk and seeking to provide strong absolute returns.
Factors that could lead to positive rating actions for Harrington include meeting or exceeding its business plan over the long term, which includes consistently strong operating results while maintaining strong risk-adjusted capitalization. Negative rating actions could occur if Harrington does not successfully execute its business plan over the long term, or experiences underwriting or investing losses outside of expectations or a material decline in risk-adjusted capitalization.
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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