Financial Strength and Issuer Credit Rating

WAICA Reinsurance Corporation PLC

AM Best has revised the outlooks to stable from positive and affirmed WAICA Re’s Financial Strength Rating(FSR) of B (Fair) and the Long-Term Issuer Credit Rating(ICR) of bb+ (Fair).

The ratings reflect WAICA Re’s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, neutral business profile and marginal enterprise risk management.