AM Best withdraws rating of Starbound Reinsurance II sidecar

Share

A.M. Best Co. has withdrawn Starbound Reinsurance II Limited’s (Bermuda) ‘A’ credit rating as a result of Starbound Reinsurance II terminating its one year retrocessional reinsurance agreements with Renaissance Re. The initial debt proceeds and remaining equity have been distributed to investors.

We haven’t seen any sign of Renaissance Re tapping the capital markets to replace this cover so perhaps this is indicative of the cheaper cover available in Florida this year?

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.

Read previous post:
Sunshine Guaranteed yields better sales for Priceline

Priceline, the online travel agent, has been running a promotion (which I blogged about here) on their website which offered...

Close