Standard & Poor's Ratings Services affirmed its "triple-B" rating of Bermuda reinsurer Alea Group and announced it was withdrawing the rating at the company's request.
The rating outlook was stable.
Alea Group went into runoff earlier this year after deciding losses from last season's hurricanes were too great for it to handle.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
