Fitch Affirms Arrow Re

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.