AM Best Withdraws American Safety Re Ratings

October 21, 2013

A.M. Best Co. has withdrawn the financial strength rating of A [Excellent] and the issuer credit rating of “a” of American Safety Reinsurance, Ltd. [Bermuda].

The ratings agency said, “The recent sale of AS Re to Catalina Holdings (Bermuda) Ltd severs the interactive rating services provided by A.M. Best for rating coverage on AS Re; therefore, the associated ratings have been withdrawn for administrative purposes.”

Category: All, Business