A.M. Best Assigns Ratings to Flagstone Reassurance Suisse SA.OLDWICK, N.J. -- A.M. Best Co. has assigned a financial strength rating (FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current applications. Every open window takes some space in this area. See Windows memory limitation. ) of A- (Excellent) and an 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-" to Flagstone Reassurance Suisse SA (Flagstone Reassurance) (Martigny, Switzerland). The outlook for both ratings is stable. Flagstone Reassurance is a subsidiary of Flagstone 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. Limited (Flagstone) (Hamilton, Bermuda). The FSR of A- (Excellent) and ICR of "a-" of Flagstone remains unchanged. Flagstone Reassurance has been capitalized with CHF CHF In currencies, this is the abbreviation for the Swiss Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 110 million (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $90 million) with Flagstone providing reinsurance support. Through this local European presence, Flagstone intends to be in a position to closely follow and respond effectively to the changing needs of the various European insurance markets. 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. |
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