“A.M. Best affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “A-” of UnipolRe Designated Activity Company (UnipolRe) (Ireland) in September 2018. The outlook of these Credit Ratings (ratings) remains stable.
The ratings reflect UnipolRe’s balance sheet strength, which A.M. Best categorises as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. UnipolRe’s balance sheet strength is underpinned by risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), which is consistent with the strongest assessment.
A.M. Best expects the company’s risk-adjusted capitalisation to remain at the strongest level over the medium term, with an additional capital contribution in 2018 from UnipolSai Assicurazioni S.p.A. (UnipolSai) supporting rapid expansion in line with the company’s business strategy.”