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A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating of A (Excellent) and issuer credit ratings of "a+" of Markel International Insurance Company Limited (MIICL) (United Kingdom) and Lloyd's Syndicate 3000 (United Kingdom).
With regards to this acquisition, A.M. Best has downgraded the FSRs to A- (Excellent) from A (Excellent) and the ICR to "a-" from "a+" of the two remaining PARIS RE entities:
A.M. Best Co. has affirmed the financial strength rating of A Excellent and issuer credit rating of "a+" of The Hamilton Insurance Corp.
The rating agency also reiterated the financial strength rating (NYSE: FSR - News) of A (Excellent) and ICR of 'a+' of AXIS Specialty Limited (subsidiary of AXIS Capital Holdings) and its operating affiliates.
Moreover, the rating agency notched down the FSR to B++ (Good) from A (Excellent) and ICR to 'bbb+' from 'a+' of AXIS Specialty Insurance Company, an insurance subsidiary with outlook for both ratings at stable.
-(BUSINESS WIRE)-- A.M. Best Co. has upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and the issuer credit ratings (ICR) to "a+" from "a-" of Penn Millers Insurance Group (Penn Millers) and its member, Penn Millers Insurance Company.