A.M. Best Affirms Credit Ratings of Third Point Reinsurance Ltd. and Its Subsidiaries
The ratings of TPRCL are based on its strong risk-adjusted capitalization, acceptance in the marketplace and the solid performance of its investment portfolio. The ratings also consider TPRCL’s seasoned management team and the strong enterprise risk management that is in place. The ratings of TPRUSA consider the above mentioned attributes as well as support from TP Re, its ultimate parent, and TPRCL.
Partially offsetting these positive rating factors are the greater investment risk associated with its alternative investment strategy and the continued competition and capacity in the reinsurance marketplace.
TPRCL and TPRUSA could be exposed to a convergence of events that could test their capital strength. The underwriting and significant investment risks could have a duplicative adverse effect on their risk-adjusted capital levels. The assets of TPRCL and TPRUSA are managed by
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.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
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