OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” to Clearwater Select Insurance Company (Clearwater Select) (Stamford, CT). The outlook assigned to these Credit Ratings (ratings) is stable. Clearwater Select is a newly added member of the Odyssey Re Holdings Corp., (Odyssey) rating unit and is a wholly owned subsidiary of Odyssey. The ratings of the other members of the group are not affected by Clearwater Select’s rating assignment.
Clearwater Select has been made a member of the Odyssey rating unit due to its strategic importance to the group. The company provides rate flexibility, allowing the group to expand its specialty focus into standard commercial risks. Clearwater Select also provides internal reinsurance for its affiliates, and shares common management and operational capabilities.
The Odyssey group ratings reflect its balance sheet strength, which A.M. Best categorizes as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
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