A.M. Best Withdraws Ratings of Chartis Excess Limited
October 09 2014 - 11:17AM
Business Wire
A.M. Best has withdrawn the financial strength rating of
A (Excellent) and the issuer credit rating of “a” of Chartis
Excess Limited (CEL) (Ireland). All insurance liabilities have
been transferred to other entities within American International
Group, Inc. (AIG) (New York, NY) [NYSE:AIG]. In addition, the
Central Bank of Ireland has accepted the renunciation of CEL’s
Certificate of Authorisation.
The methodology used in determining these ratings is Best’s
Credit Rating Methodology, which provides a comprehensive
explanation of A.M. Best’s rating process and contains the
different rating criteria employed in the rating process. Best’s
Credit Rating Methodology can be found at
www.ambest.com/ratings/methodology.
A.M. Best Company is the world's oldest and most
authoritative insurance rating and information source. For more
information, visit www.ambest.com.
Copyright © 2014 by A.M. Best Company,
Inc. ALL RIGHTS RESERVED.
A.M. BestJacqalene Lentz, 908-439-2200, ext.
5762Senior Financial
Analystjacqalene.lentz@ambest.comorJennifer Marshall,
908-439-2200, ext. 5327Assistant Vice
Presidentjennifer.marshall@ambest.comorChristopher Sharkey,
908-439-2200, ext. 5159Manager, Public
Relationschristopher.sharkey@ambest.comorJim Peavy,
908-439-2200, ext. 5644Assistant Vice President, Public
Relationsjames.peavy@ambest.com
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