Alliance Re Gets ‘B++’

A ‘B++’ FSR was assigned to Alliance International Reinsurance Company by A.M. Best. The rating reflects factors including Alliance Re’s strong initial capitalization, experienced executive team and proposed operation as a property/casualty reinsurer in select geographical regions. Also taken into account is the expectation that the company will be listed on the Cyprus Stock Exchange by early 2001, at which time the capital will be fully paid up. Additionally, A.M. Best stated that the reinsurance program is expected to be placed in line with Alliance Re’s business plan.

Due to its status as a start-up venture, the rating process for Alliance Re included an in-depth assessment of its management’s ability to meet the business plan, a factor which will largely influence future rating.