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A.M. Best Co. has assigned a financial strength rating of A (Excellent) and issuer credit rating of “a” to
American International Reinsurance Company, Ltd. (AIRCO) (Bermuda). The assigned outlook for all ratings is stable. AIRCO is an indirect subsidiary of
American International Group, Inc. [NYSE: AIG].
The ratings reflect AIRCO’s supportive level of risk-adjusted capitalization, the historical profitability of the business it will continue to assume from its affiliates within AIG and its role as the primary Bermuda presence of AIG. Offsetting factors to the rating include AIRCO’s historically limited direct business profile and past variability in loss reserves for certain assumed business. The outlook is based on the expectation of continued favorable operating results that will enhance AIRCO’s risk-adjusted capital position.