Services (UK) of an Overseas Firm. hbbd```b`` "gI &d $%BL ?O_ For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments. In addition, WICE is rated A by Kroll Bond Rating Agency as a member of Somers Group Holdings Ltd. WICE was founded to engage in long term relationships in Coinsurance, Managing General Agency, Program Administrator, and other insurance partnerships. *This credit rating reflects the benefit of the unconditional guarantee provided by Allied World Assurance Company, Ltd, whereby it guarantees all of the obligations under the insurance policies and reinsurance contracts of Allied World Assurance Company, AG where such obligations have . Watford Insurance Company Europe Limited (WICE) is a subsidiary of Somers Group Holdings Ltd. and a Gibraltar-based insurance company providing capacity to clients across Europe and the UK. Key rating factors that could result in positive rating actions would be Watford meeting or exceeding its business plan over the long term, which includes consistently strong operating results while maintaining strong risk-adjusted capitalization. You are . Gibraltar Reinsurers Financial Strength Press Release A.M. Best Rating Services, Inc. Insurance Bermuda Issuer Credit Rating Best's Credit Rating Action Rating Event. We use cookies to give you the best experience on our website. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Why Not Go Direct on Homeowners, Allstate CEO Asks, Norfolk Southern Ordered to Clean Polluted Site, AM Best Places Watford Re's Ratings Under Review on COVID-19-Related Investment Hit, Federal Court Denies Massachusetts Hospital's Covid-19 Business Insurance Claim, La. John Rathgeber Director. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. Kelso benefits from a successful investment track record, deep sector expertise, a long-tenured investing team, and a reputation as a preferred partner to management teams and corporates. OLDWICK, N.J.-- ( BUSINESS WIRE )-- AM Best has commented that the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" of Watford Re. Nature of business (SIC) To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Guide to Proper Use of Bests Ratings & Assessments. Watford Specialty Insurance Company and Watford Insurance Company will serve U.S.-based customers, Watford Insurance Company (Europe) Limited will serve UK-based customers and Axeria IARD will provide capacity to clients across continental Europe. Job specializations: Customer Service/HelpDesk. h@>:x=aV=QW3E%]St g8j727Gxb`}qmvmbhSBfVwMky*9w{n~ g:*/e_Ml DT C AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- of Bermuda-based Watford Re Ltd. In addition, AM Best has affirmed the Long-Term ICR of "bbb-" and the Long-Term Issue Credit Rating of "bb" on the $225 million 8.5% cumulative preference shares of Watford Holdings Ltd . Thank You! a Gibraltar-domiciled insurance company (the "Company") and. The firms active portfolio of more than 215 companies is highly diversified by stage, sector, and geography. View source version on businesswire.com: 5165 returns. Watford Insurance Company Europe Limited (WICE) is a subsidiary of Somers Group Holdings Ltd. and a Gibraltar-based insurance company providing capacity to clients across Europe and the UK. Please enable it to use I am an experienced Test Manager, Defect Manager & Jira Administrator in Private and public sectors with 11 years in the Banking & Insurance industry and 7 in Digital Retail & E-commerce. Accessibility, Ad - Leaderboard - Pinnacle Actuarial Resources. Red Sands Insurance Company (Europe) Limited is authorised and regulated by the Gibraltar Financial Services Commission and is subject to regulation by the . We are looking for an experienced accountant/bookkeeper, confident with accounting softwares and Microsoft 365. Watford Insurance Company Europe Limited; Alwyn Insurance Company Limited; and Southern Rock Insurance Company Limited. Liz Cunningham has been appointed CEO of Somers Re. Somers Re is a privately held global property and casualty insurance and reinsurance company with operations in Bermuda, the United States, and Europe. +1 908 439 2200, ext. Gibraltar Financial Services Commission hU[O0+~/DBH ["LE. In addition, A.M. Best has affirmed the Long-Term ICR of bbb- and the Long-Term Issue Credit Ratings of bb on the $225 million 8.5% cumulative preference shares of Watford Holdings Ltd. (Bermuda). profile, and seasoned management team. AM Best will evaluate on an ongoing basis Watfords risk-adjusted capitalization and invested asset valuations as updated information becomes available. Our Values We have been shortlisted for the following industry awards WINNER: Best Employer British Claims Awards 2022 Claims service excellence: Our dedicated in-house claims team is highly knowledgeable with the capability and expertise to handle all aspects of your claims. For more information, please visit www.kelso.com. The underwriting insurer can often be found on your insurance documents. About Somers Group Holdings Ltd. HireHub. Additionally, Sioned Butler has been appointed Chief Financial Officer of Somers Re. Ad - Leaderboard - Pinnacle Actuarial Resources, Call us toll free: (800) 827-4242 Or Contact Us, Learn more about Captive.com Sign up to get our free newsletter, Captive.com, International Risk Management Institute, Inc. (IRMI), 12222 Merit Drive, Suite 1600, Dallas, TX 75251-2266, Copyright 20142023 International Risk Management Institute, Inc. (IRMI). AM Best expects to resolve the under review with negative implications status when Watfords risk-adjusted capitalization is restored back to its prior level. Required fields are marked *. 660936. Performance cookies collect information about how you use our website, which helps us improve functionality and your user experience. Watford Insurance Company (Europe) Limited Export contact Insurer GC Code UK Insurer Code UK-515 Contact informations 1st Floor Ocean Village Gibraltar Gibraltar United Kingdom WICEclaims@watfordre.com 00350 200 74570 Export list Claims representatives Export list Correspondents This site uses cookies to enhance your user experience. You can find out more about which cookies we are using or switch them off in settings. WATFORD INSURANCE COMPANY EUROPE LIMITED WELWYN INSURANCE COMPANY LIMITED address: FIRST FLOOR, GRAND OCEAN PLAZA, OCEAN VILLAGE, Gibraltar, GX11 1AA, GI Entity Overview Registration Authority Entity Legal Form Legal Form Code WBKH LEI Registration Entity Relationship Reporting Exceptions Office Location Entities in the same location AM Best Removes From Under Review With Negative Implications, Affirms Credit Ratings of R&Q Insurance Hldgs Ltd. and Rated Subs Represents the Property/Casualty financials for the United Kingdom Branch of this legal entity. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Motor insurance Somerset Bridge Watford Insurance Company Europe Limited, Alwyn Insurance Company Limited and Southern . Europe/EU-based business is underwritten by Axeria IARD. Part-Time. This Credit Rating (rating) action considers the recent announcement that Arch Capital Group Ltd. (Arch) has completed its merger agreement with Watford. :. Red Sands Insurance Company (Europe) Limited is registered in Gibraltar Reg. Atlantic Suites This dataset includes 1.7 million Legal Entity Identifiers (LEIs). Key Concepts for New Captive Board Members, A Primer on Governance Models for Captives, A Captive Insurer Template for Corporate Governance Standards, For Captive Owners, There's No Transferring Governance Responsibility, 12 Key Considerations When Picking a Captive, KBRA: Bermuda Business Environment Fosters (Re)Insurance Innovation, KBRA Releases Rating Report for Watford, an Arch Partner, KBRA's Unique Global Captive Insurer Rating Methodology. Reinsurance Gibraltar United States Financial Strength New Jersey Press Release Insurance Issue Credit Rating Bermuda Caribbean Issuer Credit Rating Best's Credit Rating Action. WATFORD Insurance, cu sediul in Gibraltar, are un rating "A-" acordat de catre A.M. BEST si functioneaza in Uniunea Europeana si in Marea Britanie din anul 2015. The overall Somers Group platform with insurance and reinsurance capabilities in Bermuda, U.S. and Europe has a unique value proposition and is well positioned to deliver bespoke solutions and meaningful capacity to our clients around the world., Steve Dutton, Partner at Kelso, said, Ive been very impressed with the teams ability to recognize an opportunity and then reimagine an entire business model to position the company to thrive in the coming years. Company reviews. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings. @>x@Bi2>dE? For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Bests Recent Rating Activity web page. The ratings of Watford have been extended to WICE and WSIC based on their strategic role to Watford and the explicit and implicit support provided by Watford. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Bests Recent Rating Activity web page. Assigned to insurance companies that have, in our opinion, an excellent ability to meet their ongoing insurance obligations. Please do not leave any private information here. u Denotes Keeping this cookie enabled helps us to improve our website. U.S. clients are served by Watford Specialty Insurance Company and Watford Insurance company. Topics PEMBROKE, Bermuda(BUSINESS WIRE) For more information, please visit www.somersgroup.com. james.peavy@ambest.com, Internet Explorer presents a security risk. WATFORD INSURANCE COMPANY EUROPE LIMITED. Job in Watford - England - UK. Services (UK) of an Overseas Firm. This website uses cookies so that we can provide you with the best user experience possible. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, So Paulo, Shanghai, and Singapore. The outlook for all ratings Watford's guidelines that specifically limit exposure to natural catastrophes and other Watford Insurance Company Europe Limited. We are part of the Pinnacle Pet Group (PPG) - a pan European fully integrated pet insurance and health services platform, which was set up as a joint venture between JAB Holding Company and BNP Paribas . Headquartered in Bermuda, the name Somers Re is a nod to Sir George Somers, who founded Bermuda in 1609. | the full functionality of the web site. )0(3"IOo?TBo~* Ocean Village . As an important step toward this objective, Somers Re is pleased to announce that its new strategy and financial backing have resulted in AM Best affirming a Financial Strength Rating of A- stable. Watford Insurance Company Europe Limited Other names Previous Name - Welwyn Insurance Company Limited Permissions Financial Services Act 2019 * Firms with an asterisk by their name may have for example a restricted or suspended licence. Insurance Company Europe Limited, Watford Specialty Insurance Company, and Watford Insurance Based in Lyon, France, Axeria is known for creative solutions and client focus. Watford Insurance Company Europe Ltd AM Best #: 022489 NAIC #:N/A FEIN #:N/A Financial Strength Rating View Definition Rating: A- (Excellent) Affiliation Code: g (Group Rating) Financial Size Category: XI ($750 Million to $1 Billion) Outlook: Stable Action . Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. }W+R1X\86}} >GP7omBmP,`]{. Thank you! %%EOF In addition, AM Best has maintained the under review with negative implications status for the Long-Term ICR of bbb- (Good) and the Long-Term Issue Credit Rating of bb (Fair) on the $225 million ($52 million outstanding) 8.5% cumulative preference shares of Watford Holdings Ltd. (Watford) (Bermuda) [NASDAQ: WTRE], the groups ultimate holding company. Keeping these cookies enabled helps us to improve our website and display content that is more relevant to you and your interests. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. 5644 #Watford LLC Thanks to the new P-to-C business model developed by Richard Watford . On July 2, 2021, Watford Holdings Ltd. was acquired by Arch Capital Group Ltd. (40%) and funds managed by Kelso & Company (30%) and . See the Disclosure information Form or Press Release below for the office and analyst at the time of the rating event. clare.finnegan@ambest.com, Christopher Sharkey Using waterfall and Agile methodologies, I have previously had roles as a Test Analyst, Defect Manager, Release Manager, Scrum Master, Test Lead and Test Management capacity having been CMMI compliant, ISEB . We buy shares through Inwallet and become a co-owner of a small stake in one or more of these companies (GoldmineBMD, New Millenium Wind Energy, EDV Recycling, Marijuana Diet . To Submit News go to - https://www.ambest.com/bestweek/submitnews.html, Bests News: AM Best Says Title Insurers Post Solid Results Amid Volatile Landscape, Insurers and Corporations Pared Head Counts Amid Artificial Intelligence Adoption, Survey Finds, Saga Breaks Off Talks With Australian Insurtech Over Potential Acromas Deal, Desjardins Completes $551.8 Million Deal for Three Guardian Life Subsidiaries, IGI President: Growth Looks Good in Reinsurance and Short-Tail Lines, AM Best: Title Insurers Post Solid Results Amid Volatile Landscape, Hurricane Ian Losses Push United Insurance Holdings to Bigger Loss in Fourth Quarter, Nationwide Annual Net Operating Income Falls by Half to $1.4 Billion, R&Q in Talks With Regulators to Liquidate Reinsurance Operation, Update: Insurtech Root Fires Chief Financial Officer, James River CEO: Carrier Suspending Casualty Reinsurance Business as Profit Improvement Continues, State Farm Posts $6.7 Billion Annual Net Loss as Incurred Auto Losses Climb Nearly 40%, Berkshire Hathaway CEO: Geico Policies-in-Force Declined by 1.7 Million in 2022, Embattled Insurance Executive Lindberg Indicted in Alleged $2 Billion Scheme, RMS Estimates $5 Billion in Insured Losses From Turkey Earthquakes, Liberty Mutual CEO: Insurer Poised to Capitalize on Market Conditions Following Aggressive Rate, Underwriting Actions, Ian, Net Underwriting Losses Erode Policyholder Surplus, Send UPC Into Receivership, Brookfields $1.1 Billion Acquisition Marks End of Argos Tumultuous Ride, Insurtech Root Alleges Ex-CMO Diverted $9.4 Million to Himself, Bests News: AM Best Says Changes in the Crypto Market Are Mirrored in Ransomware Activity, Donegal CEO: Commercial Lines Retention Strong but New Business Falls Short as Rates Rise, Arch Capital Fourth-Quarter Attributable Net Income Rises 38.6%, AM Best Affirms Credit Ratings of Somers Re Ltd. and Its Subsidiaries, Arch CEO: Insurance Industry Should Have Charged More for Cat Risk, Looks to Hardening as Opportunity, Arch Capital: Cat Losses up to $560 Million Will Negatively Impact Third-Quarter Results, Coalition Launches Cyber Reinsurer Ferian Re With $300 Million in Capital. The publisher estimates that in 2021 around 12.1 million adults were covered by mobile phone insurance and 5.7 million by gadget insurance. Additionally, A.M. Best has stress-tested risk-adjusted capitalization for simultaneous adverse underwriting and investment events and Watford appears to be adequately capitalized under those conditions. WATFORD INSURANCE COMPANY EUROPE LIMITED (LEI# 213800RLTETCAMJ4PS30) is a legal entity registered with LONDON STOCK EXCHANGE LEI LIMITED. View additional news, reports and products for this company. endstream endobj 2277 0 obj <>/Metadata 178 0 R/Outlines 284 0 R/PageLayout/OneColumn/Pages 2259 0 R/StructTreeRoot 907 0 R/Type/Catalog>> endobj 2278 0 obj <>/Font<>/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 2279 0 obj <>stream Rebrand completes strategic repositioning. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings. Watford Specialty Insurance Company and Watford Insurance Company will serve U.S.-based customers, Watford Insurance Company (Europe) Limited will serve UK-based customers and Axeria IARD will provide capacity to clients across continental Europe. NO. However, although the transaction has closed, the ultimate impact to Watford's ratings will be determined when AM Best has met with management and analyzed the group's business plans, including an analysis of future investment risk, financial projections and operating structure within the Arch group. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings. Further rating action may also be taken if AM Best believes Watfords measured levels of balance sheet strength, operating performance, business profile, or enterprise risk management are no longer able to support its current rating level. 3rd Floor, Development House St Anne Street. Oldwick //BestWire// - A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of a- to Watford Insurance Company (WIC) (Morristown, NJ). Axeria is an established insurer in the French market and adds additional capabilities to Somers suite of insurance products and managing general agencies (MGA) strategy. The agency also removed from under review with negative implications and downgraded the financial strength ratings to A- (Excellent) from A (Excellent) and the long-term issuer credit ratings to "a-" from "a" of AmTrust Financial Services subsidiaries AmTrust Captive Solutions Ltd., AmTrust Europe Ltd., AmTrust Insurance Co. of Kansas Inc . subsidiaries of Arch Capital Group Ltd. (collectively referred to as Arch), in accordance with Minimum 24-months' cover with SEAT-Approved parts used for any repairs. Somers Group Holdings Ltd. is a privately held, global specialty property and casualty insurance and reinsurance company headquartered in Bermuda that is owned by Arch Capital Group Ltd., Kelso & Company and Warburg Pincus. shorter-tail risks. Watford's ratings are based on its strong risk-adjusted capitalization; experienced underwriting led by Arch Underwriters Ltd. and Arch Underwriters Inc., wholly owned subsidiaries of Arch Capital Group Ltd.; leading investment acumen of HPS Investment Partners, LLC (HPS); and Watford's broad-based business plan. Company (collectively referred to as Watford). The under review status therefore is expected to be resolved following these discussions. Ideally looking for someone based within an hour of the Watford region. In addition, each of WSIC and WIC is rated "A" by Kroll Bond Rating Agency, similarly as members of the Watford Group. remains stable. Car Insurance. In addition, the competitive market conditions in the reinsurance sector may challenge the execution of the business plan. 1st Floor, Grand Ocean Plaza. AM Best acknowledges that the transaction with Arch could benefit the Watford group through potential further de-risking of its investment portfolio, removing the burden of public company. OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has maintained the under review with negative implications status for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- (Excellent) of Watford Re Ltd. (Watford Re) (Bermuda) and its subsidiaries, Watford Insurance Company Europe Limited (WICE) (Gibraltar), Watford Insurance Company (WIC) (New Jersey) and Watford Specialty Insurance Company (WSIC) (New Jersey). These cookies dont collect information that identifies you personally as a visitor. group financial condition report for the financial year ended 31 december 2020 issue date: 31 may 2021 . There are several high-profile international ratings agencies, who assess the financial stability of insurers and other financial institutions. The outlook of these ratings is stable. The ratings reflect Somers' balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating. - reports which were released prior to the current Best's Financial Report. Partially offsetting these positive rating factors are the inherent risks associated with a start-up company and the risks associated with a leveraged alternative investment strategy. . ARCH . Ad - Leaderboard - Pinnacle Actuarial Resources What Is a Fronting Arrangement and Why Do Captive Insurers Use Them? Kelso is one of the oldest and most established firms specializing in private equity investing. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Bests Recent Rating Activity web page. Please enable Strictly Necessary Cookies first so that we can save your preferences! Targeted or advertising cookies collect information about your browsing habits. You can find out more about which cookies we are using or turn them off at any time in settings. If you are seeking to file a claim against a Watford Insured, questions about a current claim, or to report a claim directly to Watford, please contact us via the following: . If you have privacy or any other concerns about the information on this page, please use this link to the contact form. Director, Communications Insurance (1188) Telecommunications (1137) Energy, Mining, Utilities (920) . Arch Capital Group Ltd. [NASDAQ: ACGL], alongside investment partners Warburg Pincus and Kelso & Company (Kelso), today announced that Watford Holdings Ltd. and Watford Re Ltd. have been renamed Somers Group Holdings Ltd. (Somers Group) and Somers Re Ltd. (Somers Re), respectively. PO Box 940 Regulated. Please tell us what you liked about it. new. The ratings reflect Watford's sound financial condition, diversified risk profile, and seasoned management team. After seven years operating under the Watford name, reestablishing the company as Somers Re marks a new chapter for the franchise, said Maamoun Rajeh, Chairman and CEO of Archs Worldwide Reinsurance Group and a member of the Board of Somers Holdings. Listing for: Sheridan Ward Recruitment Services Limited. Kelso has significant experience investing in financial services, having deployed approximately $3 billion of equity capital in the sector. Bests News & Research Service - October 18, 2016 03:14 PM (EDT). Ltd ("Somers Holdings", previously Watford Holdings Ltd). Out of 137 features in our database, our experts have selected the 48 most important ones. Concurrently, A.M. Best has affirmed the FSR of A- (Excellent) and the Long-Term ICRs of a- of Watford Re Ltd. (Watford) (Bermuda) and Watfords subsidiaries, Watford Insurance Company Europe Limited (WICE) (Gibraltar) and Watford Specialty Insurance Company (WSIC) (Morristown, NJ). For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases. Founded in 1966, Warburg Pincus has raised 20 private equity funds, which have invested more than $97 billion in over 960 companies in more than 40 countries. AM Best Places Credit Ratings of Randall & Quilter Investment Holdings Ltd. and Its Rated Subsidiaries Under Review: Nov 11, 2021: AM Best Affirms Credit Ratings of Randall & Quilter Investment Holdings Ltd. and Its Subsidiaries: Dec 03, 2020: AM Best Assigns Credit Ratings to Accredited Specialty Insurance Company: Oct 15, 2020 steven.chirico@ambest.com, Jim Peavy November 6, 2021. Our Group values are voted for by our staff, embedded in our culture and reflected in the way we treat our customers: they underpin daily decision-making and shape our strategic thinking. Oldwick //BestWire// - AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- of Watford Re Ltd. (Watford Re) (Bermuda) and its subsidiaries, Watford Insurance Company Europe Limited (WICE) (Gibraltar), Watford Insurance Company (WIC) (New Jersey) and Watford Specialty Insurance Company (WSIC) (New Jersey). The insurance operations of Somers Group Holdings Ltd. will continue to operate under their existing names. Arch has assigned its interests and obligations under the merger agreement to a newly formed entity, Greysbridge Holdings Ltd., under which Arch owns approximately a 40% stake, with funds managed by Warburg Pincus LLC and Kelso & Company, each owning approximately 30%. Under Review Best's Rating, Disclosure Information Form %PDF-1.6 % Gibraltar . There are several high-profile international ratings agencies, who assess the financial stability of insurers and other financial institutions. Thank You! A.M. Best Assigns Credit Ratings to R&Q Insurance (Malta) Limited; Affirms ICR of Randall & Quilter Investment Holdings Ltd. Operating as Somers Re, the firm will follow a more traditional reinsurance business model, leveraging Archs underwriting expertise while pursuing a more conservative investment strategy. OLDWICK, N.J., November 18, 2022--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" (Excellent) of Somers Re Ltd. (Bermuda) and its subsidiaries: Watford Insurance Company Europe Limited (Gibraltar); Watford Insurance Company (New Jersey); Watford Specialty Insurance Company (New Jersey); and Axeria IARD (France . Watford Insurance Company. the topmost entity of the corporate structure. Warburg Pincus LLC is a leading global growth investor. The net investment loss is expected to be predominantly comprised of unrealized mark-to-market losses to Watfords non-investment grade, fixed-income portfolio. Monthly company sales related bonus divided among the team. Watford Insurance is a 100 percent-owned subsidiary of Watford Re Ltd., a global reinsurance and insurance company. Further actions could be taken if the ratings agency believes Watfords financial strength has continued to decay or it has not stabilized in a reasonable amount of time. Company number 10885613. This press release relates to Credit Ratings that have been published on A.M. Bests website. OLDWICK, N.J., November 18, 2022--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" (Excellent) of Somers Re Ltd . Your insurance could be issued under a trading name (for example, 'Churchill' is a trading name of U K Insurance Limited). This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages. Copyright 2021 by A.M. Best Rating Services, Inc. and/or its affiliates.
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