Casiopea

CORRECTING and REPLACING A.M. Best Revises Outlook to Stable for Casiopea Re S.A. LONDON--( BUSINESS WIRE )--Fifth graph, second sentence of release dated August 30, 2011, should read: ... despite the large gross losses suffered in 2010 with the Chilean earthquake, the net loss ... (sted ... despite the large gross losses suffered in 2010 with the Chilean earthquake (USD 240 million), the net loss ...). Read More

LONDON --(BUSINESS WIRE)-- A.M. Best Europe – Rating Services Limited has revised the outlook to stable from positive and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Casiopea Re S.A. (Casiopea Re) (Luxembourg), the reinsurance captive of Telefónica, S.A. (Telefónica). Read More

LONDON--(BUSINESS WIRE)-- A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of "a-" of Casiopea Re S.A. (Casiopea Re) (Luxembourg), the reinsurance captive of Telefónica, S.A . The outlook for both ratings remains positive. Read More