Omega US Insurance has been assigned a financial strength rating of A- (excellent), while Omega US Insurance has received an issuer credit rating of a- by AM Best. The outlook for both ratings is stable.

The ratings reflect Omega US' conservative business plan, experienced management team and the benefits of having a strong balance sheet unencumbered by prior year reserve liabilities, said AM Best.

Additionally, the ratings reflect the benefits derived from being a subsidiary of Omega Insurance Holdings, a publicly traded holding company for businesses in Bermuda, the US, London and Germany that focuses on predominantly short-tail property insurance and reinsurance.

In addition, the ratings recognise the successful background of the executive team and the well-established relationships management has with the existing managing general agent network, which will comprise the distribution channel for Omega US' book of surplus lines business.