AM Best comments on Alea announcement
AM Best has said that the financial strength rating of A- (Excellent) of Alea Group (Bermuda) and its rated subsidiaries remains unaffected following the publication of the company’s 2004 trading statement.
The announcement that consolidated year-end 2004 results will be affected by adverse reserve development is likely to result in performance below expectations. However, in AM Best’s analysis, thisOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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