A.M. Best Co. placed the financial strength rating of “A-” (excellent) and the issuer credit rating of “a-” of the insurance and reinsurance operating subsidiaries of Alea Group Holdings Bermuda Ltd. under review with negative implications.
This rating action is based on Best’s opinion that Alea’s prospective risk-adjusted capitalization is under pressure and that the potential exists for further volatility in prior year loss reserves. It is expected that Alea will address the prospective capital strain during the third quarter of 2005.
Was this article valuable?
Here are more articles you may enjoy.
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters From This Issue
