A.M. Best Withdraws Ratings of Cologne Reinsurance Company (Dublin) Limited and General Reinsurance UK Limited

OLDWICK, N.J.--()--A.M. Best Co. has withdrawn the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of “a-” of Cologne Reinsurance Company (Dublin) Limited (Dublin, Ireland) and assigned an NR-5 (Not Formally Followed) to the FSR and an “nr” to the ICR. Concurrently, A.M. Best has withdrawn the FSR of A++ (Superior) and ICR of “aa+” of General Reinsurance UK Limited (United Kingdom) and assigned an NR-5 (Not Formally Followed) to the FSR and an “nr” to the ICR.

All policyholder obligations for these companies have been transferred to other rated affiliates within the group. General Reinsurance UK Limited has been dissolved, and it is expected that Cologne Reinsurance Company (Dublin) Limited will be dissolved in the near future. No other companies and/or ratings within the group are affected by these actions.

The principal methodology used in determining these ratings is Best’s Credit Rating Methodology -- Global Life and Non-Life Insurance Edition, which provides a comprehensive explanation of A.M. Best’s rating process and highlights the different rating criteria employed. Methodologies can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2011 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Contacts

A.M. Best Co.
Peter Dickey, 908-439-2200, ext. 5053
Assistant Vice President
peter.dickey@ambest.com
or
John Andre, 908-439-2200, ext. 5619
Vice President Assistant
john.andre@ambest.com
or
Rachelle Morrow, 908-439-2200, ext. 5378
Senior Manager, Public Relations
rachelle.morrow@ambest.com
or
Jim Peavy, 908-439-2200, ext. 5644
Vice President, Public Relations
james.peavy@ambest.com

Contacts

A.M. Best Co.
Peter Dickey, 908-439-2200, ext. 5053
Assistant Vice President
peter.dickey@ambest.com
or
John Andre, 908-439-2200, ext. 5619
Vice President Assistant
john.andre@ambest.com
or
Rachelle Morrow, 908-439-2200, ext. 5378
Senior Manager, Public Relations
rachelle.morrow@ambest.com
or
Jim Peavy, 908-439-2200, ext. 5644
Vice President, Public Relations
james.peavy@ambest.com