Additionally,
These rating actions follow the
The ratings of Canopius US and Canopius Re benefit from their strategic importance to and integration within the Canopius group. The ratings reflect Canopius’ balance sheet strength, which
Canopius’ balance sheet strength is underpinned by prospective risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), being at the strongest level, a conservative investment strategy and a reinsurance panel of good credit quality. An elevated level of catastrophe risk in recent years has resulted in volatile risk-adjusted capitalisation. Following the change in ownership, Canopius has lowered its risk appetite and
Canopius’ established specialist profile enables it to generate a flow of profitable business, although the group operates in highly competitive markets. An experienced management team is expected to enable Canopius to successfully navigate the business cycle and deliver good, albeit potentially volatile, underwriting results.
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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American Equity Investment Life Holding Co Files SEC Form 4, Statement of Changes in Beneficial Ownership of Securities: (Mar. 12, 2018)
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