rating from under review.

Best, the world's oldest and most widely recognised insurance rating and information source, has affirmed and removed from under review `Superior' rating of Overseas Partners Ltd. based in Hamilton.

The rating action followed detailed discussions with the management of Overseas Partners regarding the company's developing business strategies and future financial position.

These discussions were prompted by the recent cancellation by United Parcel Service of the profitable excess-value shipper's risk programme.

Best will track the company's expanding portfolio in third-party business, focusing on reserve adequacy, prospective earnings and financial flexibility, as the organisation continues to evolve from its original role as a provider of shipper's risk insurance to UPS customers to a global third-party reinsurer.

Best's rating on Overseas Partners is largely driven by historically superior operating results, an expanding revenue base, strong financial position and solid market presence.

Overseas Partners has significant capital for the underwriting and investment risk it incurs, as well as an experienced and knowledgeable team of financial and underwriting executives.