Factors that could lead to Allied World’s ratings being upgraded would be the continuation of long term, consistently strong operating profitability and maintaining excellent risk-adjusted capital levels commensurate with its ratings. If Allied World can sustain its historical results going forward, the company will have demonstrated that it has built a business model, which is well established to withstand varying market conditions and support a higher FSR.Factors that could lead to the company’s ratings being downgraded and/or a negative outlook include unfavorable operating profitability trends, outsized insurance or investment losses, any future shortfall in reserves and a substantial decline in risk-adjusted capital that would not be supportive of the current rating level. The ICRs have been upgraded to “a+” from “a” and the FSR of A (Excellent) has been affirmed for Allied World Assurance Company, Ltd and its following operating affiliates:
- Allied World Assurance Company (U.S.) Inc.
- Allied World National Assurance Company
- Allied World Insurance Company
- Allied World Assurance Company (Europe) Limited
- Darwin National Assurance Company
- Darwin Select Insurance Company