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The agency’s gradings include Bermudian-based Starr Insurance and Reinsurance Ltd

Agency says the rating outlook for the companies is stable

AM Best said the group is geographically well-diversified, with insurance operations in the Middle East and multi-channel international platforms under the Antares Global brand

Agency’s gradings include Bermudian-based RGA Americas Reinsurance Company Ltd

Arizona company has entered into a quota share reinsurance agreement with Bermudian-based Biglari Reinsurance Ltd

The organisation is an indirect wholly owned subsidiary of the Saudi Arabian Oil Company

The agency also affirmed the long-term ICR of “a” (Excellent) of the organisation’s non-operating holding company

The company is a single-parent captive of Swiss-based SGS SA

The company acts primarily as an internal reinsurer for its affiliates, Lloyd’s Syndicate 2987 and Brit UW Ltd

The agency said the company’s balance sheet strength continues to be maintained by its very strong level of risk-adjusted capitalisation

The Itochu subsidiary was given an excellent financial strength rating

The change comes on the heels of Fitch Ratings raising Fortitude Re’s Outlook to Positive from Stable