AM Best affirms UnipolRe ratings after cat XoL withdrawal
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AM Best affirms UnipolRe ratings after cat XoL withdrawal

AM Best has affirmed UnipolRe’s financial strength rating of A- and long-term issuer credit rating of a-, after the carrier decided to drop cat excess-of-loss (XoL) business.

This publication revealed on Monday that UnipolRe has become the first carrier to cease XoL cat business based on the impact of climate change.

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