A.M. Best Comments on Ratings of Mutuelle Centrale De Reassurance.OLDWICK, N.J. -- A.M. Best Co. has commented that the financial strength rating of A- (Excellent) and the issuer credit rating of "a-" of Mutuelle Centrale de Reassurance (MCR MCR My Chemical Romance (band) MCR Minimum Capital Requirement MCR Minimum Cell Rate MCR Middle Common Room (UK universities) MCR Multivariate Curve Resolution ) (France) remain unchanged following the announcement of the cession The act of relinquishing one's right. A surrender, relinquishment, or assignment of territory by one state or government to another. The territory of a foreign government gained by the transfer of sovereignty. CESSION, contracts. of the renewal rights for its international 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. business to Partner Re. MCR will continue to write French business, focusing on attracting small mutual companies into the Monceau group. In A.M. Best's view, this transaction is likely to improve MCR's risk-adjusted capitalisation at the 2008 renewal. MCR will be responsible for the run off of the international portfolio. 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 www.ambest.com/ratings. Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries, including the banking and insurance sectors. For more information, visit www.ambest.com. |
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