AM Best Assigns Credit Ratings To AIRG
AM Best has assigned a Financial Strength Rating of A [Excellent] and a Long-Term Issuer Credit Rating of “a+” [Excellent] to American International Reinsurance Global, Ltd. [AIRG] [Bermuda], a subsidiary of American International Group, Inc. [AIG]. The outlook assigned to these Credit Ratings [ratings] is positive.
A statement from the ratings agency said, “The ratings of AIRG reflect its balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management.
“The ratings of AIRG also reflect the company’s role as a reinsurer of affiliated international business, and the reinsurance, liquidity and other explicit and implicit support provided by other AIG entities. AIRG is expected to start assuming affiliated reinsurance in 2026. The positive outlooks are in line with the current outlook for AIG and its subsidiaries.”
