Monthly Archives: July 2018

KBRA ASSIGNS RATINGS TO WATFORD HOLDINGS LTD. AND ITS OPERATING SUBSIDIARIES

New York, July 27, 2018 – Kroll Bond Rating Agency (KBRA) assigns insurance financial strength ratings (IFSR) of A to the operating subsidiaries of Watford Holdings Ltd. (Watford Holdings) – Watford Re Ltd.; Watford Insurance Company Europe Limited; Watford Specialty Insurance Company; and Watford Insurance Company (collectively referred to as Watford). KBRA also assigns an issuer rating of BBB+ to Watford Holdings. Additionally, KBRA assigns a rating of BBB- to Watford Holdings’ outstanding cumulative contingently redeemable preference shares. The Outlook for all ratings is Stable. The ratings reflect Watford’s sound financial condition, diversified risk profile and seasoned management team. Watford is a total return global (re)insurer that combines…

WATFORD INSURANCE COMPANY EUROPE LIMITED ANNOUNCES PLANS FOR ROMANIA

GIBRALTAR, December 5, 2017 – Watford Insurance Company Europe Limited (Watford Insurance) today announced that it has filed with the Gibraltar Financial Services Commission a request for approval to establish a branch office to launch insurance operations in Romania.  Watford Insurance, based in Gibraltar, carries an ‘A-‘ (Excellent) rating by A.M. Best and has been operating in the European Union and the UK since 2015. Watford Insurance is a wholly owned subsidiary of Watford Re Ltd., a Bermuda reinsurer with capital of US$1.2 billion at September 30, 2017.  Watford Insurance and its affiliates have a strategic underwriting management relationship with subsidiaries of Arch Capital Group Ltd. (Arch). …