Alliance Re ratings improve

Alliance International Reinsurance Public Company Ltd (ALL.CY) announced that following the acquisition by Flagstone Re., the international insurance rating agency A.M. Best has upgraded the financial strength rating (FSR) of the Company from B++ (Very Good) to A- (Excellent) and the issuer credit rating from “bbb” to “a-“. The outlook for the FSR is stable, and the outlook for the ICR has been revised to stable from negative.