OREANDA-NEWS. A.M. Best has withdrawn the issuer credit rating (ICR) of Catlin Underwriting (CU) (United Kingdom), a non-operating intermediate holding company that is part of XL Group Ltd (XL) (Bermuda) [NYSE: XL], as the company has requested to no longer participate in A.M. Best’s interactive rating process.

The rating withdrawal follows the public dissemination on 3 August 2016, in which the ICR was upgraded to “bbb+” from “bbb” and the outlook revised to stable from positive. The upgrade reflected A.M. Best’s view that, if needed, XL would support this entity.