AM Best Affirms A- Ratings For Athora
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] for Athora Life Re Ltd. and Athora Ireland plc.
The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] of Athora Life Re Ltd. [Athora Re] [Bermuda] and Athora Ireland plc [Athora Ireland] [Ireland]. Both entities are wholly owned subsidiaries of Athora Holding Ltd. [Athora] [Bermuda], a non-operating holding company of the group. The outlook of these Credit Ratings [ratings] is stable. Concurrently, AM Best has withdrawn the ratings as the company has requested to no longer participate in AM Best’s interactive rating process.
“The ratings reflect Athora’s consolidated balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile, and appropriate enterprise risk management. The ratings factor in the strategic importance of Athora Re and Athora Ireland to Athora.”
