A.M. Best Co. has placed the financial strength rating (FSR) of A (Excellent) and issuer credit rating (ICR) of “a” of Bermuda-based Catlin Insurance Company Limited under review with negative implications.
Best took the action due to its concerns relating to the level of Catlin's consolidated catastrophe exposure and the likely future impact of major events on risk-adjusted capitalization.
Concurrently, A.M. Best has placed the ICR of “bbb” of Catlin Group Limited and the FSR of A (Excellent) and ICR of “a” of Catlin Insurance Company (UK) Ltd under review with negative implications.
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