The ratings reflect a likely improvement in Russian Re’s profitability, limited business profile and adequate level of risk-adjusted capitalisation. An offsetting rating factor is the volatility in the company’s operating performance in recent years. The negative Long-Term ICR outlook reflects the risk that the company will be unable to maintain underwriting profitability at a level supportive of the rating.
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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