AM Best confirms credit ratings of Fortitude Reinsurance Company Ltd., assigns credit ratings to Fortitude International Reinsurance Ltd.

OLDWICK, NJ–(BUSINESS WIRE)–AM Best Affirmed Fortitude Reinsurance Company Ltd’s Financial Strength Rating (FSR) of A (Excellent) and Issuer Long Term Credit Rating (Long ICR) of “a” (Excellent). (FRL). The outlook for these Credit Ratings (ratings) is stable. At the same time, AM Best has assigned an FSR of A (Excellent) and a long-term ICR of “a” (Excellent) to Fortitude International Reinsurance Ltd. (FIRL). The outlook attributed to these ratings is stable. FRL and FIRL are domiciled in Bermuda and collectively referred to as Fortitude Re.

The ratings reflect the strength of Fortitude Re’s balance sheet, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate management of business risks.

The ratings assigned to FIRL reflect its strategic importance to Fortitude Re’s larger operations. FIRL will support the group’s continued international expansion, and its ratings have the implicit and explicit support of the group’s parent company, FGH Parent, LP.

This press release relates to credit ratings that have been published on AM Best’s website. For all rating information relating to the release and relevant disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Assessment Activity Web page. For more information on the use and limitations of credit rating opinions, please see Best Credit Score Guide. For more information on the proper use of Best’s Credit Scores, Best’s Performance Ratings, Best’s Preliminary Credit Ratings, and AM Best’s press releases, please see Guide to Proper Use of Best’s Ratings and Reviews.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in more than 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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