NU Online News Service, Oct. 6, 3:55 p.m. EDT
A.M. Best Co. has withdrawn its "A-minus" financial strength rating (FSR) and "a-minus" issuer credit rating (ICR) for White Mountains Re Bermuda Ltd. (WMRe Bermuda) since the company is transferring its in-force business and infrastructure to an affiliate.
Oldwick, N.J.-based A.M. Best said WMRe Bermuda--a subsidiary of White Mountains Re, which is a subsidiary of Hamilton, Bermuda-based White Mountains Insurance Group, Ltd.--will now have an FSR of "NR-5" (not formally followed) and ICR of "nr".
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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
© 2025 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.
