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
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