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According to AM Best, the ratings reflect Fed Re\u2019s balance sheet strength, which the agency assesses as strong.<\/p>\nGlobal credit ratings agency AM Best\u00a0has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of \u201ca-\u201d (Excellent) to Fed Re Ltd. (Fed Re) (Bermuda), with a stable outlook.<\/p>\n
According to AM Best, the ratings reflect Fed Re\u2019s balance sheet strength, which the agency assesses as strong.<\/p>\n
The agency also cited the company’ adequate operating performance, neutral business profile and appropriate enterprise risk management.<\/p>\n
For those unaware, Fed Re is a subsidiary of Federal Life Group, Inc., and its ultimate parent, Insurance Capital Group, LLC (ICG).<\/p>\n
ICG is an affiliate of Bain Capital, and Fed Re is an affiliate of Federal Life Insurance Company (Fed Life).<\/p>\n
Furthermore, AM Best also noted that the ratings\u00a0reflect their expectation that Fed Re\u2019s risk-adjusted capitalisation, as measured by Best\u2019s Capital Adequacy Ratio (BCAR), will remain at the strongest level through the end of business plan provided, through the end of 2028, supported by capital contributions as necessary.<\/p>\n
As the agency explains, it expects\u00a0capital expansion to come from a combination of organic growth and parental support.<\/p>\n
The agency also stated that it will continue to monitor the development and appropriateness of Fed Re\u2019s investment portfolio, asset allocation, asset liability management, as the liabilities continue to grow over time within the organisation.<\/p>\n
In addition, AM Best also expects Fed Re\u2019s ongoing trend of profitable premium growth to continue, as management executes on its business plans, which includes its expansion and diversification efforts.<\/p>\n
The post AM Best assigns A- ratings to Fed Re with stable outlook<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Global credit ratings agency AM Best\u00a0has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of \u201ca-\u201d (Excellent) to Fed Re Ltd. (Fed Re) (Bermuda), with a stable outlook. According to AM Best, the ratings reflect Fed Re\u2019s balance sheet strength, which the agency assesses as strong. The agency also […]<\/p>\n","protected":false},"author":1,"featured_media":821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"https:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/1836"}],"collection":[{"href":"https:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/comments?post=1836"}],"version-history":[{"count":2,"href":"https:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/1836\/revisions"}],"predecessor-version":[{"id":1838,"href":"https:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/1836\/revisions\/1838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media\/821"}],"wp:attachment":[{"href":"https:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media?parent=1836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/categories?post=1836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/tags?post=1836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}