A.M. Best Affirms Ratings of Amlin AG
A.M. Best Europe Rating Services Limited has affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a” of Amlin AG (Switzerland) (formerly Amlin Bermuda Limited [ABL]). The outlook for both ratings is stable.
In October 2010, Amlin plc (Amlin), the holding company of the Amlin group, completed the establishment of a reinsurance platform in Zurich, Switzerland, to underwrite reinsurance business from European markets starting in 2011. A key part of this process was to re-domicile ABL (now Amlin AG) to Switzerland from Bermuda. Amlin’s Bermuda operation is now a branch of Amlin AG, which will accordingly operate through two divisions, Amlin Bermuda and Amlin Re Europe.
