HONG KONG, May 28 (Bernama-BUSINESS WIRE) — AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Peak Reinsurance North America Ltd. (Peak Re NA) (Bermuda). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect Peak Re NA’s inclusion as a member of the lead rating unit, Peak Reinsurance Company Limited (Peak Re) (Hong Kong), which on a consolidated basis has a balance sheet strength that AM Best assesses as very strong, as well as an adequate operating performance, neutral business profile and appropriate enterprise risk management. In addition, the ratings factor in the neutral impact from the ultimate parent, Fosun International Holdings Ltd.