A.M. Best Affirms Ratings of Flagstone Alliance Insurance and Reinsurance PLC

LONDON--(BUSINESS WIRE)--A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Flagstone Alliance Insurance and Reinsurance PLC (Flagstone) (Limassol, Cyprus). The outlook for both ratings is stable.

“Risk Management and the Rating Process for Insurance Companies”

The affirmations are the result of the implementation of an intercompany quota share reinsurance agreement between Flagstone and its parent company, Flagstone Reassurance Suisse SA (Flagstone Re). The quota share enables Flagstone to cede 100% of all gross losses to Flagstone Re.

The principal methodology used in determining these ratings is Best’s Credit Rating Methodology -- Global Life and Non-Life Insurance Edition, which provides a comprehensive explanation of A.M. Best’s rating process and highlights the different rating criteria employed. Additional key criteria utilized include: “Risk Management and the Rating Process for Insurance Companies”; “Understanding BCAR for Property/Casualty Insurers”; and “Rating Members of Insurance Groups.” Methodologies can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.