July 20, 2022.
Cunningham is an actuary who has previously served as the Chief Risk Officer for Watford Re and boasts nearly 20 years of experience in insurance and risk management. )0(3"IOo?TBo~* Based on AM Best's analysis, 033495 - R&Q Insurance Holdings Ltd is the AMB Ultimate Parent and identifies
Watford Specialty Insurance Company and Watford Insurance Company will serve U.S.-based customers, Watford Insurance Company (Europe) Limited will serve UK-based customers and Axeria IARD will provide capacity to clients across continental Europe. Industry: Fire, marine, and casualty insurance Printer Friendly View Address: 445 South St Ste 220 Morristown, NJ, 07960-6475 United States See other locations Ideally looking for someone based within an hour of the Watford region. Apply to jobs now hiring in Watford on Indeed.com, the worlds largest job site. The ratings reflect Watford's sound financial condition, diversified risk profile, and seasoned management team. AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of" a-" of Somers Re Ltd. and its subsidiaries: Watford Insurance Company Europe Limited .
Regional Banks 4Q 2022 Update: Solid Performance Amid Economic Uncertainty Emerging Markets Issuance Faces Another Lackluster Year European CMBS Faces Crunch . Accessibility, Ad - Leaderboard - Pinnacle Actuarial Resources. The Watford U.S. companies write business through a select network of Program Administrator/Managing General Agent partners to create unique insurance products by developing specific underwriting guidelines, authorities and procedures. Your email address will not be published. PENDING NOTIFICATION. Motor insurance Somerset Bridge Watford Insurance Company Europe Limited, Alwyn Insurance Company Limited and Southern . AM Best Places Credit Ratings of Randall & Quilter Investment Holdings Ltd. and Its Rated Subsidiaries Under Review: Nov 11, 2021: AM Best Affirms Credit Ratings of Randall & Quilter Investment Holdings Ltd. and Its Subsidiaries: Dec 03, 2020: AM Best Assigns Credit Ratings to Accredited Specialty Insurance Company: Oct 15, 2020 Gibraltar Financial Services Commission, Organisation structure & Industry sector leads, Decision Making Process for Regulatory Interventions, Terrorist Names, Anti-Terrorism Orders and Sanctions, Complaints about a Payment Service Provider, Fifth Anti -Money Laundering Directive (5MLD), Brexit: Temporary Permissions Regime, Financial Services Contracts Provisions and EEA Insurers Regim, Investment Firms Prudential Regime (IFPR), What is the Private Sector Pensions Act 2019, FAQ - Employers and Pension Scheme Administrators. AM Best said these rating actions follow an announcement from Watford on April 23, 2020, which revealed its 2020 first quarter earnings include a net investment loss of approximately $300. the operating subsidiaries of Watford Holdings Ltd. (Watford Holdings)Watford Re Ltd., Watford
Between 2012 and 2021, the number of people owning. In addition, WSIC and WIC are rated "A" by the rating agency Kroll Bond, as are the members of the Watford Group. For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases. You can find out more about which cookies we are using or turn them off at any time in settings. The Symbol, Number, or Score in the Rating Scale used to Denote the Credit Rating . Insurance (1188) Telecommunications (1137) Energy, Mining, Utilities (920) . Watford Insurance Company Europe Limited is authorised and regulated by the Gibraltar Financial Services Commission and subject to limited regulation by the Financial Conduct Authority (FCA). Red Sands Insurance Company (Europe) Limited is authorised and regulated by the Gibraltar Financial Services Commission and is subject to regulation by the . Watford Re and its underwriting subsidiaries have earned an "A- (Excellent)" financial strength rating from A.M. Best Company and an "A" rating from Kroll Bond Rating Agency. Since 1980, Kelso has invested approximately $15 billion of equity capital in over 130 transactions. Our Lloyd's Syndicate 2232 is rated A+ (Strong) by Standard & Poor's and AA-(Very Strong) by Fitch. Ad - Leaderboard - Pinnacle Actuarial Resources, Call us toll free: (800) 827-4242 Or Contact Us, Learn more about Captive.com Sign up to get our free newsletter, Captive.com, International Risk Management Institute, Inc. (IRMI), 12222 Merit Drive, Suite 1600, Dallas, TX 75251-2266, Copyright 20142023 International Risk Management Institute, Inc. (IRMI). June 06, 2019
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Arch Capital Group Ltd. [NASDAQ: ACGL], alongside investment partners Warburg Pincus and Kelso & Company (Kelso), today announced that Watford Holdings Ltd. and Watford Re Ltd. have been renamed Somers Group Holdings Ltd. (Somers Group) and Somers Re Ltd. (Somers Re), respectively. Sponsor Us
the topmost entity of the corporate structure. Using waterfall and Agile methodologies, I have previously had roles as a Test Analyst, Defect Manager, Release Manager, Scrum Master, Test Lead and Test Management capacity having been CMMI compliant, ISEB . Ad - Leaderboard - Pinnacle Actuarial Resources
He seen a problem with something on the system and said he would call me back which he did. You will need to pay the first 10 towards any claim (the excess). UK business is underwritten by Watford Insurance Company Limited. Further rating action may also be taken if AM Best believes Watfords measured levels of balance sheet strength, operating performance, business profile, or enterprise risk management are no longer able to support its current rating level. Further rating action may also be taken if AM Best believes Watfords measured levels of balance sheet strength, operating performance, business profile, or enterprise risk management are no longer able to support its current rating level. Key Concepts for New Captive Board Members, A Primer on Governance Models for Captives, A Captive Insurer Template for Corporate Governance Standards, For Captive Owners, There's No Transferring Governance Responsibility, 12 Key Considerations When Picking a Captive, KBRA: Bermuda Business Environment Fosters (Re)Insurance Innovation, KBRA Releases Rating Report for Watford, an Arch Partner, KBRA's Unique Global Captive Insurer Rating Methodology. Please note that the information provided here will be posted publicly on this page. The publisher estimates that in 2021 around 12.1 million adults were covered by mobile phone insurance and 5.7 million by gadget insurance. The underwriting insurer can often be found on your insurance documents. In addition, WICE is rated "A" by Kroll Bond Rating Agency as a member of Somers Group Holdings Ltd. Kelso has significant experience investing in financial services, having deployed approximately $3 billion of equity capital in the sector. hTkLSg~5"zPY`J]B
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;j>))g.9B~u!5YiU'e.AL)%Y))DS1[:MJQO$HHe^{'+XA!.y#C)-v=h..J5\34rOmHt`JkSQhwor7yoSOU#ra;Ll?l1W`|$]r?v]:}R- Please tell us what we can do to improve this article. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Fidelis Underwriting Limited. Kelso was founded by the inventor of the Employee Stock Ownership Plan (ESOP) and, as a result, the principles of partnership and alignment of interest serve as the foundation of the firms investment philosophy. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Assigned to insurance companies that have, in our opinion, an excellent ability to meet their ongoing insurance obligations. This website uses cookies so that we can provide you with the best user experience possible. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. remains stable. Your insurance could be issued under a trading name (for example, 'Churchill' is a trading name of U K Insurance Limited). Company reviews. U.S. clients are served by Watford Specialty Insurance Company and Watford Insurance company. Search OpenCorporates for WATFORD INSURANCE COMPANY EUROPE LIMITED. Listing for: Sheridan Ward Recruitment Services Limited. For more information, visit www.ambest.com. Claims service excellence: Our dedicated in-house claims team is highly knowledgeable with the capability and expertise to handle all aspects of your claims. Performance cookies collect information about how you use our website, which helps us improve functionality and your user experience. Experienced, disciplined sourcing and underwriting of insurance and reinsurance
Watfords ratings are based on its strong risk-adjusted capitalization; experienced underwriting led by Arch Underwriters Ltd. and Arch Underwriters Inc., wholly owned subsidiaries of Arch Capital Group Ltd.; leading investment acumen of HPS Investment Partners, LLC (HPS); and Watfords broad-based business plan. Watford Insurance Company Europe Limited (WICE) is a subsidiary of Somers Group Holdings Ltd. and a Gibraltar-based insurance company providing capacity to clients across Europe and the UK. The insurance operations of Somers Group Holdings Ltd. will continue to operate under their existing names. However, the skilled underwriting of Arch Capital Group Ltd. and the experienced investment acumen of HPS, along with cash flows produced by Watfords credit investment strategy, will help partially mitigate these risks. Please tell us what you liked about it. }W+R1X\86}}
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Negative rating actions could occur if Watfords operating performance is weak or inconsistent, if the company experiences large underwriting or investing losses or if risk-adjusted capitalization becomes strained. Kroll Bond Rating Agency (KBRA) has affirmed the insurance financial strength ratings of A for
subsidiaries of Arch Capital Group Ltd. (collectively referred to as Arch), in accordance with
And Canada Credit Cards ABS Review History Of U.S. State Ratings U.S. State Ratings And Outlooks: Current List Credit Trends: U.S. Corporate Bond Yields As Of Feb. 22, 2023 SLIDES: U.S. https://www.businesswire.com/news/home/20211104005760/en/. The most well known are Standard & Poor's, Moody's, Fitch and A.M. Best. AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- of Bermuda-based Watford Re Ltd. | february 7, 2023 For more information, please visit www.somersgroup.com. Watford Holdings Ltd. is a global property and casualty insurance and reinsurance company with approximately $1.1 billion in capital as of September 30, 2020, comprised of: $172.6 million of senior notes, $52.4 million of contingently redeemable preference shares a Read More Contact Who is Watford Holdings Headquarters WATFORD INSURANCE COMPANY EUROPE LIMITED Authority Authority I D RA000375 Authority Authority I D 112869 Legal Jurisdiction GI Legal Form Legal Form Code WBKH Status ACTIVE Initial Date 2015-08-25 20:00:00 Last Update Date 2021-07-21 11:50:26 Status ISSUED Next Renewal Date 2022-08-25 20:00:00 Managing L O U Somers Re Ltd., the groups flagship reinsurer, is focused on delivering flexible, creative solutions to clients worldwide. a Gibraltar-domiciled insurance company (the "Company") and. Let our expert ratings help you quickly find out what the quality of your car insurance policy is. Gibraltar Reinsurers Financial Strength Press Release A.M. Best Rating Services, Inc. Insurance Bermuda Issuer Credit Rating Best's Credit Rating Action Rating Event. Watford Specialty Insurance Company and Watford Insurance Company will serve U.S.-based customers, Watford Insurance Company (Europe) Limited will serve UK-based customers and Axeria IARD will provide capacity to clients across continental Europe. watford insurance company europe limited rating Posted by By used sherp for sale in florida June 22, 2022 tennessee republican party state executive committee returns. There are several high-profile international ratings agencies, who assess the financial stability of insurers and other financial institutions. Our Values We have been shortlisted for the following industry awards WINNER: Best Employer British Claims Awards 2022 Find jobs. The ratings reflect Somers' balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating. Compania este o subsidiara detinuta in totalitate de WATFORD Re Ltd., reasigurator cu sediul in Bermuda, avand un capital de 1,2 miliarde dolari la data de 30 septembrie 2017. hU[O0+~/DBH
["LE. christopher.sharkey@ambest.com, Steven M. Chirico, CPA AM Best will evaluate on an ongoing basis Watfords risk-adjusted capitalization and invested asset valuations as updated information becomes available. Our Group values are voted for by our staff, embedded in our culture and reflected in the way we treat our customers: they underpin daily decision-making and shape our strategic thinking. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings. This press release relates to Credit Ratings that have been published on A.M. Bests website. Watford Insurance Company Europe Limited Active. 0
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WATFORD INSURANCE COMPANY EUROPE LIMITED WELWYN INSURANCE COMPANY LIMITED address: FIRST FLOOR, GRAND OCEAN PLAZA, OCEAN VILLAGE, Gibraltar, GX11 1AA, GI Entity Overview Registration Authority Entity Legal Form Legal Form Code WBKH LEI Registration Entity Relationship Reporting Exceptions Office Location Entities in the same location OLDWICK, N.J.-- ( BUSINESS WIRE )-- AM Best has commented that the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" of Watford Re. Included in the review are Watford subsidiaries Gibraltar-based Watford Insurance Co. Europe Ltd. as well as Watford Insurance Co. and Watford Specialty Insurance Co., both based in New Jersey. Additionally, A.M. Best has stress-tested risk-adjusted capitalization for simultaneous adverse underwriting and investment events and Watford appears to be adequately capitalized under those conditions. In addition, AM Best has affirmed the Long-Term ICR of "bbb-" and the Long-Term Issue Credit Rating of "bb" on the $225 million 8.5% cumulative preference shares of Watford Holdings Ltd . Bests News & Research Service - October 18, 2016 03:14 PM (EDT). AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Third-party cookies include performance cookies and targeted or advertising cookies. I am also pleased to remain engaged with our long-term partner, Highbridge Principal Strategies, as our primary investment manager., Cunningham stated, I am looking forward to continuing the work with our founding sponsor Arch and welcoming the new Warburg Pincus and Kelso board members to Somers Re. Car Insurance. The outlook of these ratings is stable. These cookies dont collect information that identifies you personally as a visitor. Somers Group Holdings Ltd. is a privately held, global specialty property and casualty insurance and reinsurance company headquartered in Bermuda that is owned by Arch Capital Group Ltd., Kelso & Company and Warburg Pincus. Protects you from potential costs incurred from a range of repairs up to the value of 750, should your approved used SEAT not pass its next MOT test. Posted Today. . Warburg Pincus LLC is a leading global growth investor. profile, and seasoned management team. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, So Paulo, Shanghai, and Singapore. +1 908 439 2200, ext. We use cookies to give you the best experience on our website. B*GsP GP 8P23ybG2(Sr[7qp{4@WBKRFBH2^c@0aXE2]vp%4 Another important element of the reorganization of Somers Re is a change in leadership. In addition, WICE is rated A by Kroll Bond Rating Agency as a member of Somers Group Holdings Ltd. WICE was founded to engage in long term relationships in Coinsurance, Managing General Agency, Program Administrator, and other insurance partnerships. Watfords assets are not commingled with any other HPS-managed fund. AM Best acknowledges that the transaction with Arch could benefit the Watford group through potential further de-risking of its investment portfolio, removing the burden of public company. Insurance Company Europe Limited, Watford Specialty Insurance Company, and Watford Insurance
709360. If you have privacy or any other concerns about the information on this page, please use this link to the contact form. No: 87598. Further actions could be taken if the ratings agency believes Watfords financial strength has continued to decay or it has not stabilized in a reasonable amount of time. Please enable it to use the full functionality of the web site. . 3rd Floor, Development House St Anne Street. C/Ctra. FCA Firm Reference Number is 714197. Liz Cunningham has been appointed CEO of Somers Re. Monthly company sales related bonus divided among the team. Topics WATFORD INSURANCE COMPANY EUROPE LIMITED. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Why Not Go Direct on Homeowners, Allstate CEO Asks, Norfolk Southern Ordered to Clean Polluted Site, AM Best Places Watford Re's Ratings Under Review on COVID-19-Related Investment Hit, Federal Court Denies Massachusetts Hospital's Covid-19 Business Insurance Claim, La. AM Best said these rating actions follow an announcement from Watford on April 23, 2020, which revealed its 2020 first quarter earnings include a net investment loss of approximately $300 million due to investment market volatility following the global economic shutdown related to the COVID-19 pandemic. This Credit Rating (rating) action considers the recent announcement that Arch Capital Group Ltd. (Arch) has completed its merger agreement with Watford. Manager, Public Relations AM Best expects to resolve the under review with negative implications status when Watfords risk-adjusted capitalization is restored back to its prior level. Please do not leave any private information here. Watford Insurance Company (Europe) Limited Export contact Insurer GC Code UK Insurer Code UK-515 Contact informations 1st Floor Ocean Village Gibraltar Gibraltar United Kingdom WICEclaims@watfordre.com 00350 200 74570 Export list Claims representatives Export list Correspondents This site uses cookies to enhance your user experience. Each of WSIC and WIC carries an AM Best Financial Strength Rating of "A-" (Excellent), and through its Group affiliation with Watford Re is in Financial Size Category XII ($1 Billion to $1.25 Billion). Oldwick //BestWire// - A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of a- to Watford Insurance Company (WIC) (Morristown, NJ). |. Watford Holdings. Europort Avenue
Working alongside other Quantity Surveyors and Senior Management , Providing reports, Monitoring costs, managing key accounts and building relationships with new clients, monthly reviews, and analyzing data. Pinnacle Insurance is a Top 5 UK Pet insurer with a clear ambition to be the leading Pet healthcare and insurance services partner in the UK. If you disable this cookie, we will not be able to save your preferences. Arch Capital Group Ltd., alongside investment partners Warburg Pincus and Kelso & Company announced that Watford Holdings Ltd. and Watford Re Ltd. have been renamed Somers Group .
This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages. Watford is a global total return (re)insurer that combines medium- to long-tail casualty risks with an investment strategy focused on noninvestment grade corporate credit fixed-income assets to generate attractive operating returns. Company (collectively referred to as Watford). noninvestment grade corporate credit fixed-income assets to generate attractive operating
See the Disclosure information Form or Press Release below for the office and analyst at the time of the rating event. The outlook assigned to these Credit Ratings (ratings) is stable. 660936. To Submit News go to - https://www.ambest.com/bestweek/submitnews.html, Bests News: AM Best Says Title Insurers Post Solid Results Amid Volatile Landscape, Insurers and Corporations Pared Head Counts Amid Artificial Intelligence Adoption, Survey Finds, Saga Breaks Off Talks With Australian Insurtech Over Potential Acromas Deal, Desjardins Completes $551.8 Million Deal for Three Guardian Life Subsidiaries, IGI President: Growth Looks Good in Reinsurance and Short-Tail Lines, AM Best: Title Insurers Post Solid Results Amid Volatile Landscape, Hurricane Ian Losses Push United Insurance Holdings to Bigger Loss in Fourth Quarter, Nationwide Annual Net Operating Income Falls by Half to $1.4 Billion, R&Q in Talks With Regulators to Liquidate Reinsurance Operation, Update: Insurtech Root Fires Chief Financial Officer, James River CEO: Carrier Suspending Casualty Reinsurance Business as Profit Improvement Continues, State Farm Posts $6.7 Billion Annual Net Loss as Incurred Auto Losses Climb Nearly 40%, Berkshire Hathaway CEO: Geico Policies-in-Force Declined by 1.7 Million in 2022, Embattled Insurance Executive Lindberg Indicted in Alleged $2 Billion Scheme, RMS Estimates $5 Billion in Insured Losses From Turkey Earthquakes, Liberty Mutual CEO: Insurer Poised to Capitalize on Market Conditions Following Aggressive Rate, Underwriting Actions, Ian, Net Underwriting Losses Erode Policyholder Surplus, Send UPC Into Receivership, Brookfields $1.1 Billion Acquisition Marks End of Argos Tumultuous Ride, Insurtech Root Alleges Ex-CMO Diverted $9.4 Million to Himself, Bests News: AM Best Says Changes in the Crypto Market Are Mirrored in Ransomware Activity, Donegal CEO: Commercial Lines Retention Strong but New Business Falls Short as Rates Rise, Arch Capital Fourth-Quarter Attributable Net Income Rises 38.6%, AM Best Affirms Credit Ratings of Somers Re Ltd. and Its Subsidiaries, Arch CEO: Insurance Industry Should Have Charged More for Cat Risk, Looks to Hardening as Opportunity, Arch Capital: Cat Losses up to $560 Million Will Negatively Impact Third-Quarter Results, Coalition Launches Cyber Reinsurer Ferian Re With $300 Million in Capital. the full functionality of the web site. 5644 View source version on businesswire.com: View AM Best's
To Submit News go to - https://www.ambest.com/bestweek/submitnews.html, Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases, Bests News: AM Best Says Title Insurers Post Solid Results Amid Volatile Landscape, Insurers and Corporations Pared Head Counts Amid Artificial Intelligence Adoption, Survey Finds, Saga Breaks Off Talks With Australian Insurtech Over Potential Acromas Deal, Desjardins Completes $551.8 Million Deal for Three Guardian Life Subsidiaries, IGI President: Growth Looks Good in Reinsurance and Short-Tail Lines, AM Best: Title Insurers Post Solid Results Amid Volatile Landscape, Hurricane Ian Losses Push United Insurance Holdings to Bigger Loss in Fourth Quarter, Nationwide Annual Net Operating Income Falls by Half to $1.4 Billion, R&Q in Talks With Regulators to Liquidate Reinsurance Operation, Update: Insurtech Root Fires Chief Financial Officer, James River CEO: Carrier Suspending Casualty Reinsurance Business as Profit Improvement Continues, State Farm Posts $6.7 Billion Annual Net Loss as Incurred Auto Losses Climb Nearly 40%, Berkshire Hathaway CEO: Geico Policies-in-Force Declined by 1.7 Million in 2022, Embattled Insurance Executive Lindberg Indicted in Alleged $2 Billion Scheme, RMS Estimates $5 Billion in Insured Losses From Turkey Earthquakes, Liberty Mutual CEO: Insurer Poised to Capitalize on Market Conditions Following Aggressive Rate, Underwriting Actions, Ian, Net Underwriting Losses Erode Policyholder Surplus, Send UPC Into Receivership, Brookfields $1.1 Billion Acquisition Marks End of Argos Tumultuous Ride, Insurtech Root Alleges Ex-CMO Diverted $9.4 Million to Himself, Bests News: AM Best Says Changes in the Crypto Market Are Mirrored in Ransomware Activity, Donegal CEO: Commercial Lines Retention Strong but New Business Falls Short as Rates Rise, AM Best Affirms Credit Ratings of Somers Re Ltd. and Its Subsidiaries, AM Best Assigns Credit Ratings to Axeria IARD, AM Best Removes From Under Review With Negative Implications; Affirms Credit Ratings of Watford Re Ltd. and Its Subsidiaries, AM Best Maintains Under Review With Negative Implications Status for Credit Ratings of Watford Re Ltd. and Its Subsidiaries, Arch, Investment Partners Complete Acquisition of Watford Holdings. Founded in 1966, Warburg Pincus has raised 20 private equity funds, which have invested more than $97 billion in over 960 companies in more than 40 countries. If you are seeking to file a claim against a Watford Insured, questions about a current claim, or to report a claim directly to Watford, please contact us via the following: . A.M. Best is the worlds oldest and most authoritative insurance rating and information source. Details about the extent of our regulation by the FCA are available on request. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings. Each policy is then scored against those 48 features and assigned a rating based on a scale of 1 to 5 - so you can see at a glance how the . What Is a Fronting Arrangement and Why Do Captive Insurers Use Them? Apply to As Partnership jobs now hiring in Watford on Indeed.com, the worlds largest job site. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Bests Recent Rating Activity web page. Senior Financial Analyst For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Bests Recent Rating Activity web page. In addition, the competitive market conditions in the reinsurance sector may challenge the execution of the business plan. These rating actions follow Watfords announcement on April 23, 2020 that its 2020 first quarter earnings will include a net investment loss of approximately $300 million due to investment market volatility following the global economic shutdown related to the COVID-19 pandemic. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.