A.M. Best Affirms Credit Ratings of James River Group Holdings Ltd. and Subsidiaries; Assigns Credit Ratings to Carolina Re Ltd.
The ratings of JRG Holdings’ operating subsidiaries reflect their balance sheet strength, which
The rating affirmations reflect the organization’s very strong level of risk-adjusted capitalization as measured by the Best’s Capital Adequacy Ratio, which is supported by the annual generation of earnings. Operating performance is supported by consistent performance across underwriting and investment results.
The stable outlooks take into consideration the expectation of ongoing supportive risk-adjusted capital, overall operating profitability, and sustained business profile competencies. The ratings could be positively impacted by demonstrated improvement in underwriting results across segments or continued advancement in balance sheet strength. The ratings could be negatively impacted by less than optimal underwriting results in any one segment, significantly adverse reserve development, or a sudden decline in risk-adjusted capital.
The ratings assigned to Carolina Re reflect its key role as a member of
The FSR of A (Excellent) and the Long-Term ICRs of “a” of the following subsidiaries of
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JRG Reinsurance Company Ltd. -
James River Insurance Company -
James River Casualty Company -
Falls Lake National Insurance Company -
Stonewood Insurance Company -
Falls Lake General Insurance Company -
Falls Lake Fire and Casualty Company
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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