Wentworth Insurance Company Limited AM Best Places Credit Ratings Under Review With Negative Implications


OLDWICK, NJ–(BUSINESS WIRE)–AM Best placed under review with negative implications Wentworth Insurance Company’s Financial Strength Rating (FSR) of A (Excellent) and Issuer Long Term Credit Rating (Long Term ICR) of “a” (Excellent) Limited (Wentworth) (Barbados).

These credit ratings (ratings) have been placed on watch with negative implications due to the volatility of Wentworth’s risk-adjusted capitalization position, primarily due to fluctuations in the investment market. Despite the support provided by the ultimate parent company, Fairfax Financial Holdings Limited, the strength of the company’s standalone balance sheet has become strained. The company is evaluating solutions to bring risk-adjusted capitalization back to previous levels and reduce current volatility. Wentworth’s ratings will remain under review until a concrete action plan is provided by management and AM Best assesses its impact on the company’s current and projected risk-adjusted capitalization.

This press release relates to credit ratings that have been published on AM Best’s website. For all rating information relating to the release and relevant disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Assessment Activity Web page. For more information on the use and limitations of credit rating opinions, please see Best Credit Score Guide. For more information on the proper use of Best’s Credit Ratings, Best performance reviews, Best preliminary credit ratings and AM Best press releases, please see Guide to Proper Use of Best’s Ratings and Reviews.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in more than 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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