AM Best Affirms Credit Ratings of Accelerant Insurance Limited
AM Best Affirms Credit Ratings of Accelerant Insurance Limited
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Accelerant Insurance Limited (Malta). The company is a wholly owned subsidiary of Accelerant Holdings (Accelerant) (Cayman Islands), the non-operating holding company of the Accelerant group. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect the strategic importance of Accelerant Insurance Limited to the Accelerant group, along with Accelerants consolidated balance sheet strength, which AM Best categorises as very strong, as well as the groups adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best Affirms Credit Ratings of Accelerant Insurance Limited
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Accelerant Insurance Limited (Malta). The company is a wholly owned subsidiary of Accelerant Holdings (Accelerant) (Cayman Islands), the non-operating holding company of the Accelerant group. The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect the strategic importance of Accelerant Insurance Limited to the Accelerant group, along with Accelerant s consolidated balance sheet strength, which AM Best categorises as very strong, as well as the group s adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best Affirms Credit Ratings of Accelerant Insurance Limited LONDON (Business Wire)
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Accelerant Insurance Limited (Malta). The company is a wholly owned subsidiary of Accelerant Holdings (Accelerant) (Cayman Islands), the non-operating holding company of the Accelerant group. The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect the strategic importance of Accelerant Insurance Limited to the Accelerant group, along with Accelerant’s consolidated balance sheet strength, which AM Best categorises as very strong, as well as the group’s adequate operating performance, limited business profile and appropriate enterprise risk management.
Updated Dec. 17, 2020 2:29 pm ET
When the economy struggles, businesses typically hunker down and preserve cash by cutting spending and dividends. During the Covid-19 slowdown, companies controlled by private-equity firms have often gone the other way, borrowing heavily to pay big dividends to their owners.
The payouts boost returns for private-equity firms but can load their companies’ balance sheets with heavy debt at a precarious moment. The maneuvers can leave companies in weaker financial shape, while helping private-equity firms lock in gains, often a few years after their initial investments.
The amount of issued debt tied to such payouts, including both loans and bonds, grew to more than $29 billion this year, up more than 25% from 2019, according to S&P Global Market Intelligence’s LCD. Of that, loan volumes have grown well over 40% while bonds have fallen.
Starting in kind of March of this year, when everything broke out with Covid … You had the market surging, but the real economy was tanking. People were just asking a lot of questions.
Bloom, currently a VP at Altamont Capital Partners based in the San Francisco Bay Area, understood why people were nervous, but couldn t see why such smart people were unable to apply the concepts they were taught in their everyday lives. Determined to demystify these concepts, Bloom started digging into the financial education system. What I found was a system that is set up to protect the insiders, in my opinion, you have this, this whole world where the insiders benefit from the way it works. You know, if I m an insider, I need to convince you that you can t do it yourself.