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Thursday, February 2, 2023

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AM Greatest Locations Credit score Scores of Wentworth Insurance coverage Firm Restricted Beneath Overview With Destructive Implications


OLDWICK, N.J.–()–AM Greatest has positioned below overview with detrimental implications the Monetary Energy Ranking (FSR) of A (Wonderful) and the Lengthy-Time period Issuer Credit score Ranking (Lengthy-Time period ICR) of “a” (Wonderful) of Wentworth Insurance coverage Firm Restricted (Wentworth) (Barbados).

These Credit score Scores (scores) have been positioned below overview with detrimental implications as a consequence of volatility in Wentworth’s risk-adjusted capitalization place, pushed primarily by funding market fluctuations. Regardless of the assist supplied by the last word guardian, Fairfax Monetary Holdings Restricted , the corporate’s stand-alone stability sheet energy has develop into careworn. The corporate is evaluating options to carry the risk-adjusted capitalization again to prior ranges and scale back the continued volatility. Wentworth’s scores will stay below overview till a concrete motion plan is supplied by administration and AM Greatest evaluates its affect on the corporate’s present and projected risk-adjusted capitalization.

This press launch pertains to Credit score Scores which were revealed on AM Greatest’s web site. For all ranking data referring to the discharge and pertinent disclosures, together with particulars of the workplace answerable for issuing every of the person scores referenced on this launch, please see AM Greatest’s Latest Ranking Exercise net web page. For extra data relating to the use and limitations of Credit score Ranking opinions, please view Information to Greatest’s Credit score Scores. For data on the right use of Greatest’s Credit score Scores, Greatest’s Efficiency Assessments, Greatest’s Preliminary Credit score Assessments and AM Greatest press releases, please view Information to Correct Use of Greatest’s Scores & Assessments.

AM Greatest is a worldwide credit standing company, information writer and knowledge analytics supplier specializing within the insurance coverage trade. Headquartered in america, the corporate does enterprise in over 100 nations with regional places of work in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico Metropolis. For extra data, go to www.ambest.com.

Copyright © 2022 by A.M. Greatest Ranking Providers, Inc. and/or its associates. ALL RIGHTS RESERVED.



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