The “A+” insurer FSR on Arrow Reinsurance Company Ltd. was affirmed by Fitch. The Bermuda-domiciled reinsurance company is a wholly owned subsidiary of the investment banking and asset-management company, The Goldman Sachs Group Inc, and a capital support agreement exists between the two companies. Fitch indicated that the rating is a reflection of the financial strength and explicit support of Goldman Sachs; Arrow Re’s sound underwriting policies and controls; and Fitch’s belief that Arrow Re is closely linked to its parent from a risk management and marketing perspective. These strengths were somewhat offset by the uncertainty associated with a nascent company.
Was this article valuable?
Here are more articles you may enjoy.
Artist Suing FIFA Over Destruction of Dallas Whale Mural 
DeSantis Plan to Cut Florida Property Taxes Heads to Ballot—With Schools Removed 
Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them 
D&O Market Expected to Tighten Under Pressure, Says AM Best From This Issue
