AM Best Places Credit Ratings of North End Re (Cayman) SPC Under Review With Developing Implications
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 09 2024
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Source: newsfilter
- AM Best Under Review: AM Best has placed the Financial Strength Rating and Long-Term Issuer Credit Rating of North End Re (Cayman) SPC under review with developing implications.
- Review Due to Acquisition: The review is a result of Brookfield Reinsurance Ltd.'s acquisition of American Equity Investment Life Holding Company, leading to a strategy review for NERC.
- Reinsurance Agreement: NERC had entered into a reinsurance agreement with AEL affiliate American Equity Investment Life Insurance Company in 2021.
- Rating Status: Ratings will remain under review until more clarity on NERC's strategy is communicated to AM Best analysts.
- About AM Best: AM Best is a global credit rating agency specializing in the insurance industry, operating in over 100 countries.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
