Ratings agency A.M. Best has placed Quest Insurance Group Limited’s credit ratings under review with positive implications. The company’s financial strength rating is“B” and its long-term issuer credit rating is “bb.”
Quest Insurance is being placed under review following the release of the updated Best’s credit rating methodology (BCRM). BCRM is a reorganisation of the global credit rating methodology for (re)insurance companies.
A.M. Best said it will continue to assess the effect that the updates to the BCRM have on the current ratings in the company, and will complete any corresponding rating updates in the near term.
A.M. Best is the world’s oldest insurance rating and information.
Related stories:
A.M. Best withdraws credit ratings of nib
A.M. Best upgrades outlook of Beneficial Insurance Limited
