Kroll Bond Rating Agency has assigned an issuer rating of BBB+ to Watford Holdings Ltd. and insurance financial strength ratings of A to its operating subsidiaries.
The subsidiaries included in the ratings action are Watford Re Ltd., Watford Insurance Co. Europe Ltd., Watford Specialty Insurance Co. and Watford Insurance Co.
The outlook for all ratings is stable.
Kroll said that the ratings reflect Watford's sound financial condition, its diversified risk profile and a seasoned management team. The stable outlook reflects the expectation that Watford will continue to maintain solid capitalization while executing its business operations.
