A.M. Best delivered positive news to two Bermuda insurancegroups: upgrading Arch Reinsurance to "A" today, and affirmingRenaissanceRe's "A" financial strength ratings yesterday.
Explaining today's action on Arch Reinsurance Ltd. andaffiliates--taking their financial strength ratings up a notch from"A-minus"--the Oldwick, N.J.-based rating agency said the upgradereflects Arch's excellent capitalization, strong operatingperformance since its inception and robust risk management.
Best noted that Arch achieved a 95.8 combined ratio in 2005 inspite of net catastrophe losses totaling $330 million for theyear.
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