A.M. Best Co. has assigned a financial strength rating of “A-minus” (Excellent) and an issuer credit rating of “A-minus” to Ironshore Reinsurance Ltd. The outlook for both ratings is stable.

Ironshore Re will operate through a fronting arrangement as a Bermuda-based insurance company focused on broker-sourced directors and officers coverage in the U.S. market. The assigned ratings reflect Ironshore Re’s solid capitalization and conservative business plan, as well as an experienced and highly regarded management team.

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