S&P withdraws CRP ratings
Standard & Poor's (S&P) has affirmed its 'BBB+' insurer financial strength ratings on two subsidiaries of French reinsurer SCOR: Bermuda-based Commercial Risk Reinsurance and Vermont-domiciled Commercial Risk Re-Insurance (collectively, CRP) and then withdrew the ratings at the group's request.
The insurer financial strength ratings on the CRP companies, which have been in runoff since 2002, remain based on full and unconditional payment obligation guarantees issued to their policyholders byOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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