AM Best has revised the outlooks to positive from stable for Greenlight Capital Re, Ltd. and its subsidiaries. This revision applies to the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) for Greenlight Reinsurance, Ltd. and Greenlight Reinsurance Ireland, Designated Activity Company.
Concurrently, AM Best also revised the outlook to positive from stable and affirmed the Long-Term ICR of “bbb-” (Good) for Greenlight Capital Re, Ltd. These positive outlooks reflect AM Best's assessment of the company's improved financial strength and operating performance.
The revised outlooks indicate AM Best's expectation of continued strong performance and balance sheet stability. This positive rating action can enhance Greenlight Re's competitive position in the reinsurance market and potentially improve its access to capital.
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