This Friday (September 6th), the risk rating agency A.M. Best Rating Services (AM Best) released a review of IRB(Re)’s outlook from “negative” to “steady” and upheld the company’s A- (Excellent) Financial Strength Rating and “a-” (Excellent) Long-Term Issuer Credit Rating.
According to AM Best’s statement, “the steady outlook is based on the agency’s expectation that the company’s balance sheet solidity will remain at the strongest levels, supported by a sustained trend of improvement in its operating performance and the benefits of the initiatives implemented by its management.”
AM Best is a global risk rating agency, which focus is the insurance and reinsurance segment.
