Western World: AM Best Downgrade Western World Insurance

Rating company A.M. Best has downgraded the financial strength rating [FSR] to A [Excellent] from A+ [Superior] and the issuer credit ratings [ICR] to "a+" from "aa-" of the pooled members of Western World Insurance Group [Western World] [Keene, NH].Western World is owned by Validus Holdings Ltd. [Hamilton, Bermuda]. Validus completed its acquisition of Western World on Oct. 2, 2014. Validus' flagship company is Validus Reinsurance Ltd., which maintains an FSR of A [Excellent] and an ICR of "a." The [...](Click to read the full article)The post AM Best Downgrade Western World Insurance appeared first on Bernews.com.