Moody's Investors Service said it will not downgrade the financial strength rating of PXRE Reinsurance Company.
Moody's confirmed the "Baa1″ insurance financial strength rating of PXRE and the "Ba2″ ratings of PXRE Capital Trust I.
The actions concluded a review for possible downgrade that was initiated in September following the company's announcement of its initial loss estimates for Hurricane Katrina. The outlook on the ratings is stable.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
