Kingsway's reinsurance business downgraded
Kingsway, the Canadian automobile and truck (re)insurer, has seen its Barbados-domiciled reinsurer's issuer credit downgraded by ratings agency AM Best.
The rating was slashed to 'b' from 'bb-'.
"The downgrading of KRC's ratings is due primarily to a significant drop in surplus over the last six months from dividends and lower earnings, which was
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