AM Best


A.M. Best Withdraws Credit Ratings of Aurigen Reinsurance Limited


CONTACTS:

Bruno Caron
Financial Analyst
+1 908 439 2200, ext. 5144
bruno.caron@ambest.com

William Pargeans
Director
+1 908 439 2200, ext. 5359
william.pargeans@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

FOR IMMEDIATE RELEASE

OLDWICK - MAY 17, 2018 01:42 PM (EDT)
A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of Aurigen Reinsurance Limited (Pembroke, Bermuda). The outlook for the Long-Term ICR has been revised to stable from positive while the outlook for the FSR remains stable. Concurrently, A.M. Best has withdrawn the ratings as the company has requested to no longer participate in A.M. Best’s interactive rating process.

The ratings reflect Aurigen Reinsurance Limited’s balance sheet strength, which A.M. Best categorizes as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

The outlook for the Long-Term ICR has been revised to stable based on the company’s intention to merge Aurigen Reinsurance Limited with PartnerRe Life Reinsurance Company of Bermuda Ltd and eliminate Aurigen Reinsurance Limited.

This press release relates to Credit Ratings that have been published on A.M. Best’s website. 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. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.

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AMB# Company Name
088598 Aurigen Reinsurance Limited