Balance-sheet strength is assessed as very strong, with three-quarters of assets in a parent promissory note.
AM Best affirmed the A financial strength rating of Stellar, Aramco's Bermuda captive.
Roughly three-quarters of the captive's assets are a promissory note from its parent, and AM Best assesses balance-sheet strength as very strong.
For insurance capital allocators, the affirmation describes Aramco's backing rather than Stellar's asset diversification.
Reported by The Wrap desk from Insurance Capital Daily data pack. Published . Corrections
The agency assesses balance sheet strength as very strong at a captive holding roughly three-quarters of its assets in a parent promissory note.
The managing general underwriter has not disclosed capacity providers, property lines or premium targets.
The casualty combined ratio rose to 99.6, and the current accident year was below zero before reserve releases.
He cites sidecars, broker facilities and investor-backed managing general agents as property pricing pressure spreads.
BMA figures show Class E long-term registrations climbing to nine from three, and Berkley guided to roughly 10% to 20% further shrinkage.
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