A.M. Best Comments on Alea Group's Rating Following Publication of Its 2004 Trading Statement.OLDWICK, N.J. -- A.M. Best Co. has commented that the financial strength rating of A- (Excellent) of Alea Group (Bermuda Bermuda (bûrmy  `də), British dependency (2005 est. pop. 65,400), 21 sq mi (53 sq km), comprising some 150 coral rocks, islets, and islands (of which some 20 are inhabited), in the ) and its rated
subsidiaries remains unaffected following today's publication of
the company's 2004 trading statement. The announcement that
consolidated year-end year-end also year·endn. The end of a year. adj. Occurring or done at the end of the year: a year-end audit. Noun 1. 2004 results will be affected by adverse reserve development is likely to result in performance below expectations. However, in A.M. Best's analysis, this factor is offset by additional capital raised in December 2004 of 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. 120 million in the form of trust preferred securities. For Best's Ratings Best's rating A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders. , an overview of the rating process and rating methodologies, please visit http://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 http://www.ambest.com. |
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