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A.M. Best Withdraws Ratings of PaCRe Ltd.

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OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of PaCRe, Ltd. (PaCRe) (Hamilton, Bermuda). The ratings have been removed from under review with negative implications and assigned a negative outlook. Concurrently, A.M. Best has withdrawn the ratings in response to the company’s request to no longer participate in A.M. Best’s interactive rating process. The negative outlook reflects PaCRe’s focused busine

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