Business
A.M. Best affirms Conduit Reinsurance's ratings
A.M. Best affirms Conduit Reinsurance's ratings.
About this update from Conduit Holdings Ltd.
[{"type":"text","content":"\n \n \n \n RNS Number : 9364V\n Conduit Holdings Limited\n 16 December 2021\n \n \n \n \n \n A.M. Best affirms Conduit Reinsurance Limited's ratings\n \n \n Conduit Holdings Limited (\"CHL\" or \"Conduit Re\") (Ticker:CRE)\n Hamilton, Bermuda - 16 December 2021\n \n CHL announces that A.M. Best has affirmed Conduit Reinsurance Limited's Financial Strength Rating of A- (Excellent) and its Long-Term Issuer Credit Rating of \"a-\" (Excellent), with a stable outlook.\n In its announcement A.M. Best said that: \"the ratings reflect Conduit Reinsurance Limited's balance sheet strength, which A.M, Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.\"\n The full announcement from A.M. Best can be viewed here:\n \n \n \n https://news.ambest.com/presscontent.aspx?refnum=31537&altsrc=9&_ga=2.255200782.744236017.1638791294-1927453631.1604450201\n \n \n \n \n \n -END-\n \n \n Media contacts\n \n Haggie Partners - David Haggie, Caroline Klein\n +44 (0) 207 562 4444\n \n \n \n [email protected]\n \n \n \n \n \n \n Investor relations and other enquiries:\n \n \n \n \n [email protected]\n \n \n \n \n \n \n About Conduit Re\n \n Conduit Re is a pure play global reinsurance business based in Bermuda. Its main operating subsidiary Conduit Reinsurance Limited, is licensed by the Bermuda Monetary Authority as a Class 4 reinsurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of \"a-\" to Conduit Reinsurance Limited. The outlook assigned to these Credit Ratings (ratings) is stable.\n Learn more about Conduit Re:\n Website: https://conduitreinsurance.com/ \n LinkedIn: https://www.linkedin.com/company/conduit-re \n Twitter: https://twitter.com/Conduit_Re \n \n \n Important Information\n \n This announcement may include statements that are, or may be deemed to be, \"forward-looking statements\". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms \"believes\", \"estimates\", \"plans\", \"projects\", \"anticipates\", \"expects\", \"intends\", \"estimates\", \"may\", \"will\", \"aims\", \"could\" or \"should\" or, in each case, their negative or o...