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AM Best Revises Outlooks to Negative for Reunion Re Compañia de Reaseguros S.A.


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AM Best Revises Outlooks to Negative for Reunion Re Compañia de Reaseguros S.A.
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Reunion Re Compañia de Reaseguros S.A. (Reunion Re) (Argentina). The outlooks of these Credit Ratings (ratings) have been revised to negative from stable.
The ratings reflect Reunion Re’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
The revision of the outlooks to negative from stable reflects pressure on Reunion Re’s balance sheet driven by a more challenging macroeconomic environment in Argentina and volatility in reinsurance recoverables. ....

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A.M. Best Company (via Public) / AM Best Revises Outlooks to Negative for Reunion Re Compañia de Reaseguros S.A.


MEXICO CITY - MAY 07, 2021 03:18 PM (EDT)
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb of Reunion Re Compañia de Reaseguros S.A. (Reunion Re) (Argentina). The outlooks of these Credit Ratings (ratings) have been revised to negative from stable.
The ratings reflect Reunion Re s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
The revision of the outlooks to negative from stable reflects pressure on Reunion Re s balance sheet driven by a more challenging macroeconomic environment in Argentina and volatility in reinsurance recoverables. ....

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