Insight and Intelligence on the London & International Insurance Markets

4 February 2012

Everest Re financial strength prompts upgrade

13 April 2010

Standard & Poor's (S&P) has upgraded Everest Re in recognition of its falling debt levels, high liquidity and efforts to diversify its business.

The ratings agency has raised the counterparty credit ratings on Bermuda-based Everest Re Group and its US-based intermediary holding company Everest Reinsurance Holdings from BBB+ to A-.

S&P also affirmed its A+ financial strength and counterparty credit ratings for the company's operating subsidiaries, which include Everest Reinsurance (Bermuda), Everest Reinsurance Company and Everest Reinsurance Company (Ireland).

It...

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