A.M. Best Assigns Rating to Allied World Assurance Company Holdings, Ltd’s Senior Notes

A.M. Best Co. has assigned a debt rating of “bbb” to the recently issued $300 million 5.5% senior unsecured notes due 2020 of Allied World Assurance Company Holdings, Ltd (Allied World) (Bermuda) (NYSE: AWH). The assigned outlook is stable.

The proceeds from the debt offering will be used for general corporate purposes. The debt-to-adjusted capital ratio and fixed charge coverage remain comfortably within the range that is commensurate with the assigned rating.

Allied World is a diversified property/casualty insurer/reinsurer with significant geographic reach. The company has strong risk-adjusted capitalization, an experienced management team and a historically strong operating performance.

The principal methodology used in determining these ratings is Best’s Credit Rating Methodology -- Global Life and Non-Life Insurance Edition, which provides a comprehensive explanation of A.M. Best’s rating process and highlights the different rating criteria employed. Additional key criteria utilized include: “Risk Management and the Rating Process for Insurance Companies”; “Understanding BCAR for Property/Casualty Insurers”; and “A.M. Best’s Ratings & the Treatment of Debt.” Methodologies can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.


A.M. Best Co.
Greg Reisner, 908-439-2200, ext. 5224
Senior Financial Analyst
Robert DeRose, 908-439-2200, ext. 5453
Vice President
Rachelle Morrow, 908-439-2200, ext. 5378
Senior Manager, Public Relations
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here