AM Best has affirmed the financial strength rating of 'A' (excellent) and the issuer credit ratings of 'a' of the reinsurance subsidiaries of PXRE, it said today.
The ratings agency also affirmed the financial strength rating of A (Excellent) and has assigned an issuer credit rating of 'a' to PXRE Group (Bermuda).
An issuer credit rating of 'bbb' was given to PXRE and the group's existing debt ratings.
All ratings have a stable outlook.