Moody’s eyes possible American Re upgrade
Moody's has placed the A2 insurance financial strength rating of American Re-Insurance Company and the A3 senior debt rating of American Re Corporation on review for possible upgrade.
The review was prompted by the company's announcement of a $1.6bn reserve strengthening, offset by a robust recapitalisation plan to be funded by Munich Re, American Re's ultimate parent. The reserveOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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