AM BEST ASSIGNS A (EXCELLENT) STRENGTH RATING TO STARR SWITZERLAND

AM Best has assigned an A (excellent) financial strength rating and “a” long-term issuer credit rating to the Starr International Insurance (Switzerland) subsidiary of Starr International Co (Switzerland) holding. Starr Switzerland is the recently formed re/insurer that is expected to launch underwriting this month, with a focus on property risks. The premium mix is expected to initially skew toward reinsurance, as reinsurance business currently underwritten by Starr Europe Insurance (Malta) will be renewed into Starr Switzerland. Best said the ratings reflect the balance sheet strength of Starr Switzerland sister company Starr Insurance & Reinsurance Ltd (SIRL) (Bermuda).