OREANDA-NEWS. A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Polskie Towarzystwo Reasekuracji S.A. (Polish Re) (Poland). The outlook for each rating is stable.

The ratings of Polish Re reflect the explicit support provided by its ultimate parent, Fairfax Financial Holdings Limited (Fairfax), in the form of a legal binding guarantee with an indefinite term. The rating affirmations also consider Polish Re’s volatile risk-adjusted capitalisation, historically weak, albeit improving, underwriting performance and uncertain business profile.