Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Best upgrades Ace European Group to A+

Stuart Collins

October 17, 2006 Reprints

European Union Ace More + Less -

LONDON Rating agency A.M. Best Co. has upgraded the financial strength rating of Ace European Group Ltd, a subsidiary of Hamilton Bermuda-based Ace Ltd.

Best upgraded the rating of Ace European Group Ltd. from A to A+. Best said in a statement that it expects AEGL to maintain a strong standalone capitalization between 2006 and 2008.

The upgrade reflects the importance of AEGL to the ACE Group, the rating agency said, adding that it believes that financial support is likely to be available in the future from AEGL's ultimate parent, ACE Ltd.

The rating agency also affirmed the affirmed the financial ratings of A+ of Ace Group, which consists of Ace Bermuda Insurance Ltd., Ace Tempest Reinsurance Ltd. and Ace Westchester Specialty Group.

Help

Best upgrades Ace European Group to A+

Readers Poll

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources