NU Online News Service, July 29, 11:43 a.m. EDT
Standard & Poor's has raised Arch Capital Group's operating insurance and reinsurance companies' financial strength ratings to A-plus from A, reflecting the group's "strong management and well-conceived corporate strategy," according to the rating agency.
New York-based S&P said Arch, based in Bermuda, has "executed a consistent strategy based on active cycle management, strong underwriting discipline, and strong enterprise risk management which resulted in a large and well-diversified franchise by product, client, and segment."
S&P also said Arch has consistent and strong underwriting and operating results that are "better and less volatile than those of some other Bermuda-based reinsurance/insurance companies."
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