KBRA Assigns Insurance Financial Strength Rating of A- to Premia Re

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) has assigned an insurance financial strength rating (IFSR) of A- to Premia Reinsurance Ltd. (Premia), a class 4 Bermuda specialty reinsurer focused on acquiring nonlife run-off liabilities. KBRA has also assigned an issuer rating of BBB to the organization’s ultimate holding company, Premia Holdings Ltd. (Premia Holdings). Premia and Premia Holdings are collectively referred to as Premia Re. Additionally, KBRA has assigned a rating of B