Lancashire upgraded to A by AM Best
Bermudian specialty (re)insurer Lancashire has had its insurer financial strength rating upgraded to A from A- by AM Best following "strong operating results since inception".
The agency also upgraded Lancashire's issuer credit rating to "a" from "a-". The ratings affect both operating companies, the Bermuda-based Lancashire Insurance Company Limited and Lancashire Insurance Company (UK) Limited.
The outlook for all ratings has been revised to stable from positive.
AM Best said the rating upgrades reflect Lancashire's "excellent risk-adjusted capitalisation, very strong...
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