ZEP-RE retains ‘AA’ Rating
The Company maintained its credit rating of ‘AA’ on a national scale and “BBB-” on an international scale for the year 2006/2007. The rating undertaken by the Global Credit Rating (GCR) agency was given based among other things on: -
- ZEP-RE’s favourable strategic position given its mandate and equity participation (which has increased to 14 countries),
- An experienced management team,
- The Company’s well diversified shareholding, which lessens the level of sovereign interference risk,
- An increased international solvency ratio which has grown since 2003,
- The availability of significant amounts of callable capital if required,
- A large and well diversified investment portfolio, with strong levels of liquidity, and
- Retrocession arrangements on the excess of loss programme that are led by counterparties rated at least A internationally.
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