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A.M. BEST ASSIGNS 1993 BEST'S RATING TO RE CAPITAL REINSURANCE

 OLDWICK, N.J., April 6 /PRNewswire/ -- Effective April 5, Re Capital Reinsurance Corp., Stamford, Conn., has been assigned a 1993 Best's Rating of "A-" (Excellent). The company's excellent financial strength was affirmed. The rating reflects the reinsurer's relatively good profitability, closely controlled and focused underwriting and strong capital position. These positive rating factors are derived from its disciplined underwriting approach with a small number of core clients, combined with its strong capital position, high-quality assets and modest debt.
 Over the past five years, the reinsurer's profitability has outperformed the reinsurance industry by an average of five points on the combined ratio, according to John H. Snyder, senior vice president of Best's property/casualty division. In addition, the company's results have been relatively more stable due to its casualty orientation combined with its property risk management that limits the company's exposure to any one occurrence to 5 percent of its surplus. Excellent capitalization is maintained with $102 million in surplus supporting $121 million of moderately short-tailed business. Over 70 percent of the company's assets comprise single A or better investment-grade bonds. The parent company's debt-to-equity ratio is under 25 percent. Re Capital ranks among the top 20 professional reinsurers with over $325 million in assets.
 A.M. Best Company is the nation's leading insurance rating organization and information source.
 -0- 4/6/93
 /NOTE TO EDITORS: Use this correction as a revision to yesterday's announcement of Re Capital's "A" (Excellent) 1993 Best's Rating)/
 /CONTACT: Rhonda J. Ruch of A.M. Best Company, 908-439-2200, ext. 5684/


CO: Re Capital Reinsurance Corp. ST: Connecticut IN: INS SU: RTG

PS -- NY018 -- 0164 04/06/93 10:02 EDT
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Publication:PR Newswire
Date:Apr 6, 1993
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