{"id":6211,"date":"2026-05-15T01:48:00","date_gmt":"2026-05-14T23:48:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=bd7fe950eced5eca9fbd3ecba9c8f4bc"},"modified":"2026-05-15T01:48:00","modified_gmt":"2026-05-14T23:48:00","slug":"am-best-affirms-credit-ratings-of-nectaris-re-ltd","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=6211","title":{"rendered":"AM Best Affirms Credit Ratings of Nectaris Re Ltd."},"content":{"rendered":"

OLDWICK, N.J.--(BUSINESS WIRE)--#insurance<\/a>--AM Best <\/b>has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of \u201ca\u201d (Excellent) of Nectaris Re Ltd. (Nectaris Re), the operating subsidiary of Nectaris Holdings Ltd. (both domiciled in Bermuda). The outlook of these Credit Ratings (ratings) is stable.<\/p><\/a><\/a>

\nThe ratings reflect Nectaris Re\u2019s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).<\/p>

\nNectaris Re\u2019s business strategy is to retrocede all of its business to Horseshoe Re II Limited (Horseshoe Re II), a segregated accounts company, with cells that are funded by insurance-linked securities funds managed by Leadenhall Capital Partners LLP (Leadenhall). Leadenhall is a subsidiary of Mitsui Sumitomo Insurance Company, Limited (a subsidiary of MS&AD Insurance Group Holdings, Inc. [MS&AD]). Leadenhall, which has a Mutual Cooperation Agreement with Nectaris Re, has had a book of business since its inception in 2008.<\/p>

\nNectaris Re\u2019s business, originated via Lloyd\u2019s Syndicate 2001 (which is managed by MS Amlin Underwriting Limited) and MS Amlin AG (MS Reinsurance), both whose ultimate parent is MS&AD, cedes the full limits to Nectaris Re and is 100% retroceded to Horseshoe Re II on a fully collateralized basis. Lloyd\u2019s Syndicate 2001 and MS Reinsurance-ceded businesses are collateralized at the one-in-1,000 aggregate exceedance probability (AEP) return period and those entities retain the tail risk above the one-in-1,000 AEP level. Nectaris Re also sources substantial business via its open market operations, which is projected to grow in 2026. The Horseshoe Re II retrocession for the open market business is collateralized at the one-in-1,000 AEP level, with Nectaris Re retaining the tail risk above that level. Collateral provided by Horseshoe Re II, which is composed of cash and highly rated short-term assets, is held in trust accounts for the benefit of Nectaris Re.<\/p>

\nAM Best projects Nectaris Re\u2019s risk-adjusted capitalization, as measured by Best\u2019s Capital Adequacy Ratio (BCAR), to remain at the strongest level over the near term (i.e., one to three years). The company\u2019s liquidity and quality of assets support its balance sheet strength assessment. Partially offsetting these rating factors is Nectaris Re\u2019s relatively high dependency on third-party retrocession. However, all retrocession ceded limits are written on a collateralized basis, thus minimizing Nectaris Re\u2019s counterparty risk. The ratio of the tail risk retained by Nectaris Re to its equity remains low.<\/p>

\nAM Best assesses Nectaris Re\u2019s overall operating performance as adequate based upon solid gross and net underwriting results from 2023 through 2025, along with the historical operating results of the reinsurance portfolio of the Leadenhall-managed funds from which the Nectaris Re portfolio was formed, and the projected performance results of the retained tail risk. Although the company\u2019s strategy is to focus on underwriting profits and not on investment returns, it has benefited from the higher interest rate environment by earning additional investment income. Ceding commission also makes up a substantial portion of Nectaris Re\u2019s net income.<\/p>

\nAM Best assesses Nectaris Re\u2019s business profile as limited, as it predominantly writes property catastrophe reinsurance contracts. Product concentration is mitigated somewhat by risk diversification across regions, perils and the number of cedants. The company\u2019s pricing sophistication and modeling capabilities, including vendor models and independent modeling tools, enable management to execute its pricing strategy.<\/p>

\nDue to Nectaris Re\u2019s mutual cooperation agreement with Leadenhall, AM Best assesses the company\u2019s ERM capabilities as appropriate for its risk profile.<\/p>

\nThis press release relates to Credit Ratings that have been published on AM Best\u2019s 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 AM Best\u2019s <\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view <\/b>Guide to Best's Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>

\nAM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

\nCopyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

\nRaj Visvanathan<\/b>Senior Financial Analyst<\/b>+1 908 882 1720<\/b>raj.visvanathan@ambest.com<\/a>\nMatt Tuite<\/b>Director<\/b>+1 908 882 2403<\/b>matt.tuite@ambest.com<\/a>\nChristopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a>\nAl Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

OLDWICK, N.J.–(BUSINESS WIRE)–#insurance–AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of \u201ca\u201d (Excellent) of Nectaris Re Ltd. (Nectaris Re), the operating subsidiary of Nectaris Holdings L…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6211","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/6211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6211"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/6211\/revisions"}],"predecessor-version":[{"id":6212,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/6211\/revisions\/6212"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}