Renaissance Re Upgraded by A.M. Best

A.M. Best announced that it had upgraded the financial strength rating of Bermuda-based Renaissance Reinsurance Ltd. and its subsidiary Renaissance Reinsurance of Europe from A(Excellent) to A+ (Superior).

“The financial strength rating upgrade reflects Renaissance Re’s consistently strong earnings trends, superior risk management capabilities, conservative balance sheet strategies, and recognized leadership position in the worldwide property catastrophe reinsurance market,” Best’s report stated.