Summary: ACE Capital Re International Ltd.
- ID: 1712506
- June 2003
- Region: Global
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
The insurer financial strength and financial enhancement ratings on ACE Capital Re International Ltd., a member of the ACE Capital Re Group (ACR), is based on the following: Extremely strong capital. In 2002, ACR's capital adequacy was extremely strong at 204% as measured by Standard & Poor's stress test for the portfolio of risk underwritten and discreet allocation of capital by transaction for potential loss exposure volatility. Since 2000, organic capital growth has remained stable under disciplined underwriting and exposure management, primarily influenced by market conditions, a shifting business mix, and minimal loss activity. Strengthened management. Since being acquired by ACE Ltd. (ACE), management has been integrated with senior ACE management team members to ensure stronger discipline, better accountability, and...
Companies mentioned in this report are: Assured Guaranty Re Ltd.
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