The ratings reflect Optimum Re’s balance sheet strength, which
The ratings reflect the very strong assessment of the combined entities’ risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio and a high quality asset portfolio. The positive rating outlooks of Optimum Re’s ratings are based on the group's continued and consistent favorable operating profitability and assumed premium growth. The company underwrites essentially low-risk mortality business through traditional life insurance products, as well as disability, travel and final expense insurance coverages. The ratings also reflect Optimum Re’s ability to maintain a leadership role in the niche markets it serves as a well-regarded North American life reinsurer. The company has developed certain niches while serving small to larger life insurers in the individual and group segments in
Factors that could lead to a rating upgrade are continued and consistent favorable operating profitability and assumed premium growth. Factors that could lead to a downward outlook revision or a rating downgrade include unfavorable operating results or significant decline in risk-adjusted capital to a level that no longer supports the current ratings.
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
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