HONG KONG, Jan 16 (Bernama-BUSINESS WIRE) — AM Best has withdrawn the Financial Strength Rating of C+ (Marginal) and the Long-Term Issuer Credit Rating of “b-” (Marginal) of Berking Re Limited (Berking Re) (Bermuda). At the time of the withdrawal, the Credit Ratings (ratings) were under review with negative implications status.
The rating withdrawals follow Berking Re’s request due to its strategic decision to discontinue its participation in AM Best’s interactive rating process.