Log In

Reset Password

Citadel assigned A- rating

Bermuda-based Citadel Reinsurance Company Ltd has been assigned a financial strength rating of A- (excellent) and an issuer credit rating of “a-”, both with stable outlooks, by AM Best Co.

The ratings reflect Citadel Re’s “strong balance sheet, excellent liquidity and its diversified operating strategy”, said Best. The ratings also “recognise the company’s experienced management team, niche and specialised markets, favourable operating results and its conservative underwriting and reserving practices.

“In addition to its traditional reinsurance book of business, Citadel Re’s unique business plan includes exit strategies that provide both capital relief and liquidity easing for reinsurers and captive companies by transferring liabilities to Citadel Re, allowing for the release of assets and collateral that had been required by the fronting reinsurer.”

You must be Registered or to post comment or to vote.

Published August 15, 2011 at 10:22 am (Updated August 15, 2011 at 10:22 am)

Citadel assigned A- rating

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon