AM Best


A.M. Best Withdraws Issuer Credit Rating of Catlin Underwriting


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Greg Reisner
Assistant Vice President
+1 908 439 2200, ext. 5224
greg.reisner@ambest.com

Anthony Silverman
Senior Financial Analyst
+44 207 397 0264
anthony.silverman@ambest.com

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

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

FOR IMMEDIATE RELEASE

LONDON - AUGUST 24, 2016 10:56 AM (EDT)
A.M. Best has withdrawn the issuer credit rating (ICR) of Catlin Underwriting (CU) (United Kingdom), a non-operating intermediate holding company that is part of XL Group Ltd (XL) (Bermuda) [NYSE: XL], as the company has requested to no longer participate in A.M. Best’s interactive rating process.

The rating withdrawal follows the public dissemination on 3 August 2016, in which the ICR was upgraded to “bbb+” from “bbb” and the outlook revised to stable from positive. The upgrade reflected A.M. Best’s view that, if needed, XL would support this entity.

This press release relates to rating(s) 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.

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AMB# Company Name
077197 Catlin Underwriting
046310 XL Group Ltd