Positive rating actions on Palms appear unlikely at this time. The potential for future volatility is reflected in the current rating level. Nonetheless, downward rating pressure could result from weakened free cash flow, a decline in the company’s liquidity levels, an increase in underwriting leverage and/or outsized catastrophe or investment losses in conjunction with a significant prolonged decline in risk-adjusted capitalization. In addition, financial issues resulting in rating pressure on NEECH could impact Palms' ratings.A.M. Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated in the United States and throughout the world.
A.M. Best Assigns Ratings To Palms Insurance Company, Limited
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.