Alliance Re rating affirmed

Alliance International Reinsurance Public Company Ltd (ALL) announced that A.M. Best, the international insurance rating agency, has affirmed Alliance Re’s financial strength rating (FSR) of B++ (Very Good) and the Company’s issuer credit rating (ICR) of “bbb”.
The outlook for the FSR remains stable and the outlook for the ICR has been revised to positive from stable.
The positive outlook reflects the company’s improving business profile, financial performance and its enhanced risk management due to its recently developed internal risk capital model.