These rating actions follow an announcement on
The rating downgrades of Asia Capital Re follow a revision in AM Best’s assessment of the company’s business profile. Asia Capital Re was viewed previously to have a well-established profile as a regional reinsurer in
The ratings of Asia Capital Re reflect its balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
The rating downgrades of ACRM follow the actions taken on Asia Capital Re and reflect the removal of rating enhancement ACRM previously received from Asia Capital Re. The ratings of ACRM reflect its balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate ERM.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
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