Bermuda reinsurer Validus has had its financial strength rating upgraded from A- to A by rating agency AM Best.
The reinsurer’s issuer credit rating was also upgraded by AM Best from a- to a.
AM Best said that these ratings reflected the reinsurer's ‘solid risk-adjusted capitalization, favourable operating performance since inception, experienced management team, excellent enterprise risk management program and prudent operating strategies.’
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Validus, AM Best, rating, upgrade, A