AM Best Assigns Preliminary Credit Assessment to North End Re (Cayman) SPC
OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has assigned a Preliminary Credit Assessment (PCA) to North End Re (Cayman) SPC (NER Cayman) (Cayman Islands) with a Financial Strength Assessment of A- pca (Excellent) and a Long-Term Issuer Credit Assessment of “a-” pca. The outlook assigned to these PCAs is stable. Currently, the company is a wholly owned direct subsidiary of Brookfield Asset Management Inc.
The PCA reflects NER Cayman’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
The PCA reflects the company’s plan of making a significant capital investment to keep an appropriate level of…