NU Online News Service, Oct. 6, 3:55 p.m.EDT
A.M. Best Co. has withdrawn its "A-minus" financial strengthrating (FSR) and "a-minus" issuer credit rating (ICR) for WhiteMountains Re Bermuda Ltd. (WMRe Bermuda) since the company istransferring its in-force business and infrastructure to anaffiliate.
Oldwick, N.J.-based A.M. Best said WMRe Bermuda--a subsidiary ofWhite Mountains Re, which is a subsidiary of Hamilton,Bermuda-based White Mountains Insurance Group, Ltd.--will now havean FSR of "NR-5" (not formally followed) and ICR of "nr".
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