The ratings of JM Re reflect its strong risk-adjusted capitalization, consistently profitable results and solid business profile as a leading surety reinsurer in
Partially offsetting these positive factors is JM Re's concentration risk as essentially a mono-line surety writer in a single country. JM Re's future plans to mitigate this risk include expansion into related lines of business and geographic diversification into other parts of
Rating factors that could lead to a positive rating movement include successful long term execution of JM Re's growth and diversification strategy, consistent operating performance along with maintaining robust risk adjusted capitalization. Negative rating triggers include deterioration in either operating results or risk-adjusted capitalization, or a downgrade in
The methodology used in determining these ratings is Bestís Credit Rating Methodology, which provides a comprehensive explanation of A.M. Bestís rating process and contains the different rating criteria employed in the rating process. Bestís Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
Copyright © 2014 by A.M. Best Company, Inc.ALL RIGHTS
Assistant Vice President
Manager, Public Relations
Assistant Vice President, Public Relations