A.M. Best Places Credit Ratings of Hamilton Re, Ltd. and Its Subsidiaries Under Review with Developing Implications
This Credit Rating (rating) action follows the resignation of
Additionally, the rating action reflects AIG’s tentative agreement to acquire all outstanding shares of
The under review with developing implications status reflects the complex nature of the transaction, with potential financial and operational benefits and disadvantages. The ratings will remain under review pending A.M. Best’s evaluation of Hamilton’s final revised business plan and full analysis of the transaction, as well as the appointment of a permanent replacement for Duperreault.
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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