A.M. Best Withdraws Ratings of Hollenfels Re S.A.

LONDON--(BUSINESS WIRE)-- A.M. Best has withdrawn the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Hollenfels Re S.A. (Hollenfels Re) (Luxembourg).

Hollenfels Re was formerly known as Builders Reinsurance S.A. and was previously a subsidiary of Hochtief AG, a large Germany-based construction company. Builders Reinsurance S.A. changed its name to Hollenfels Re and was partially sold (75%) to Ramius Enterprise Luxembourg Holdco S.a.r.l. on Dec. 22, 2015. A shareholding of 25% was retained within the Hochtief group. Hollenfels Re completed a loss portfolio transfer of all insurance liabilities prior to the sale.

This sale has resulted in A.M. Best withdrawing the ratings.

A.M. Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated throughout the world. For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive.

In accordance with Regulation (EC) No. 1060/2009, the following is a link to required disclosures: A.M. Best Europe - Rating Services Limited Supplementary Disclosure.

This press release relates to rating(s) that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2016 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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View source version on businesswire.com: http://www.businesswire.com/news/home/20160115005401/en/

A.M. Best
Konstantin Langowski
Financial Analyst
+(44) 20 7397 0318
[email protected]
or
Mathilde Jakobsen
Associate Director, Analytics
+(44) 20 7397 0266
[email protected]
or
Christopher Sharkey
Manager, Public Relations
+(1) 908 439 2200, ext. 5159
[email protected]
or
Jim Peavy
Assistant Vice President, Public Relations
+(1) 908 439 2200, ext. 5644
[email protected]

Source: A.M. Best

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