S&P raises Arch Capital

Standard & Poor's said it raised its counterparty credit rating on Arch Capital Group Ltd. to A- from BBB+.

The agency said it raised its counterparty credit and financial strength ratings on Arch Capital's operating insurance and reinsurance companies to A+ from A.

The outlook is stable.

"The upgrade of Bermuda-based reinsurance holding company Arch Capital and its operating insurance and reinsurance subsidiaries reflects the group's strong management and well conceived corporate strategy," explained S&P credit analyst John Iten.

The senior management team has executed a consistent strategy based on active cycle management, strong underwriting discipline and strong enterprise risk management, which resulted in a large and well-diversified franchise by product, client and segment, S&P added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.