AM Best Downgrades Credit Ratings of 777 Re. Ltd.; Places Credit Ratings Under Review With Negative Implications
OLDWICK, N.J., November 08, 2023--AM Best has downgraded the Financial Strength Rating to B (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to "bb" (Fair) from "a-" (Excellent) of 777 Re. Ltd. (Hamilton, Bermuda). Concurrently AM Best has placed these Credit Ratings (ratings) under review with negative implications.