OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Somerset Reinsurance Ltd. (Somerset Re) (headquartered in Pembroke, Bermuda). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Somerset Re’s balance sheet strength, which A.M. Best categorizes as very strong, its operating performance, which due to the newness of the company is
