Asia Capital Re affirmed by AM Best
AM Best has affirmed its A-financial strength rating on regional reinsurer Asia Capital Re (ACR), which has been hit by losses from the Thai flooding.
The ratings agency said it expected ACR to maintain adequate capital levels for the 2011 fiscal year despite the catastrophe losses, but added that if projected losses rose then it might have to revise its opinion.
It said the rating reflected the reinsurer's geographically diversified underwriting portfolio and conservative investment practices, as well as its...
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