A.M. Best Affirms Ratings of W.R. Berkley Insurance Europe, Limited
By a
The ratings of WRBE reflect its good risk-adjusted capitalisation. Additionally, the ratings reflect WRBE's continued strategic importance to
WRBE maintains a good level of risk-adjusted capitalisation. The impact of operating losses during 2013 and the first nine months of 2014 on capital has been offset by a series of capital injections from BIC in 2014.
The company reported a technical loss of
WRBE's business profile continues to develop as it focuses on establishing its commercial lines footprint across the
A change in the ratings of BIC may lead to a change in WRBE's ratings. In addition, negative rating actions could occur if WRBE's risk-adjusted capitalisation were to deteriorate significantly or if weak technical performance were to persist over the medium term. A reduction in the company's strategic importance to WRBC or the termination of the guarantee from BIC would also result in negative rating pressure.
The methodology used in determining these ratings is Best's Credit Rating Methodology, which provides a comprehensive explanation of
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