A.M. Best delivered positive news to two Bermuda insurance groups: upgrading Arch Reinsurance to "A" today, and affirming RenaissanceRe's "A" financial strength ratings yesterday.

Explaining today's action on Arch Reinsurance Ltd. and affiliates--taking their financial strength ratings up a notch from "A-minus"--the Oldwick, N.J.-based rating agency said the upgrade reflects Arch's excellent capitalization, strong operating performance since its inception and robust risk management.

Best noted that Arch achieved a 95.8 combined ratio in 2005 in spite of net catastrophe losses totaling $330 million for the year.

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