Odyssey Re Gets Moody's Upgrade
NU Online News Service, July 15, 10:43 a.m. EDT?Moody's Investors Service said it upgraded the insurance financial strength ratings of Odyssey Re Holdings Corp's primary reinsurance and insurance subsidiaries to A3 from Baa1 yesterday.[@@]
The subsidiaries?Odyssey America Reinsurance Corporation and Clearwater Insurance Company (collectively known as "Odyssey Re")?were upgraded because of improved financial fundamentals, including enhanced operating performance, profitability and capital formation, Moody's said.
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