A.M. Best Removes From Under Review With Developing Implications and Affirms Credit Ratings of Hamilton Re, Ltd.
These rating actions follow the completed acquisition of all outstanding shares of
Additionally, the rating actions reflect Hamilton Insurance Group’s recent appointment of
Furthermore, the ratings of Hamilton Re take into account its excellent risk-adjusted capitalization, favorable operating results including underwriting profitability and solid enterprise risk management framework. Partially offsetting these positive rating factors are the start-up nature of the company, the greater investment risk associated with an alternative investment strategy and the increased competition in the reinsurance marketplace.
A.M. Best’s rating approach involves assessing Hamilton Re’s risk correlations across the enterprise by subjecting its capitalization to concurrent adverse stress test events. The company’s risk-adjusted capitalization can withstand substantial amounts of pressure when subjected to various catastrophe and investment stress scenarios.
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 © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
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