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LONDONA.M. Best Co. has upgraded the financial strength rating of Arch Insurance Co. (Europe) Ltd. from A- to A.
Best said that the rating movement reflected the upgrade of Hamilton, Bermuda-based Arch Reinsurance Ltd. from A- to A.
Arch Re provides support to Arch Europe through an 85% quota-share arrangement.
Best said the upgrade also reflected Arch Europe's "excellent standalone risk-adjusted capitalization."