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Ascot Bermuda and US ratings upgraded by AM Best
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AM Best Upgrades Issuer Credit Ratings of Ascot Group Limited s Operating Subsidiaries
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AM Best Upgrades Issuer Credit Ratings of Ascot Group Limited s Operating Subsidiaries
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Ascot Realigns Global Reinsurance With Launch of Ascot Re
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AM Best Assigns Issue Credit Rating to Ascot Group Limited’s Senior Unsecured Notes
AM Best Assigns Issue Credit Rating to Ascot Group Limited’s Senior Unsecured Notes
AM Best has assigned a Long-Term Issue Credit Rating of bbb to the USD 400 million, 4.25% fixed rate senior unsecured notes due 2030, issued by Ascot Group Limited (AGL) (Bermuda) on 15 December 2020. The outlook assigned to this Credit Rating (rating) is positive. AGL intends to downstream the proceeds to its U.S. insurance operating subsidiaries “ Ascot Insurance Company and Ascot Specialty Insurance Company. The proceeds will provide additional capital and support the growth of these operations, allowing them to benefit from favourable insurance market conditions.