A.M. Best Affirms Ratings of Quanta Europe Ltd and Removes From Under Review.OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit rating (ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. ) of "a-" of Quanta quan·ta n. Plural of quantum. Europe Ltd (Quanta Europe) (Dublin, Ireland) and removed the ratings from under review following similar rating actions on Quanta Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Ltd. (Quanta Re) (Hamilton, Bermuda), the main operating company operating company A business that engages in transactions with outsiders. of the group. (See Quanta Re press release.). The outlook for both ratings is negative. Quanta Europe's prospective capitalization is strongly dependent on an explicit 65% quota share For This article is about quota shares (shares of the quota). For other usages of quota, see, see . A quota share is a specified number or percentage of the allotment as a whole (quota), that is prescribed to each individual entity (see Non-tariff barriers to trade). agreement from Quanta Re, while the company's ratings benefit from explicit and unlimited parental support. For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion