A.M.Best has affirmed "B+" financial strength rating for UNITY Re

26 September 2012 — Olesea ADONEV
unity_re_120In September 2012, A.M.Best Europe - Rating Services has given a financial strength rating of "B+" (Good) and an issuer credit rating of 'bbb-' for UNITY Re, part of RESO Group. The outlook has been upgraded to positive, according to the official press-release.

The positive outlook reflects UNITY Re's efficiency and the strong level of capitalization, as well as the continuing growth of both the Russian and foreign portfolios. The agency notes the de-risking and de-leveraging of the company's balance sheet, and the forthcoming acquisition of 20% stake in UNITY Re by a major banking institution. The deal is expected to be completed by the end of September, 2012.

A.M. Best also notes UNITY Re's leading market position in Russia & CIS, and the consistent quality in underwriting with a five-year average combined ratio of 79.1%.

Also, in August, 2012 STANDARD&POOR's has established the credit and financial strength rating of UNITY Re at BB/Stable within the international scale and ruAA/Stable within the national scale.

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