watford insurance company europe limited rating

დამატების თარიღი: 11 March 2023 / 08:44

AM Best acknowledges that the transaction with Arch could benefit the Watford group through potential further de-risking of its investment portfolio, removing the burden of public company status, and possible rating enhancement stemming from being a member of a large, well-diversified group. Please note that the information provided here will be posted publicly on this page. |. Included in the review are Watford subsidiaries Gibraltar-based Watford Insurance Co. Europe Ltd. as well as Watford Insurance Co. and Watford Specialty Insurance Co., both based in New Jersey. watford insurance company europe limited rating Posted by By used sherp for sale in florida June 22, 2022 tennessee republican party state executive committee Skip to main content. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. noninvestment grade corporate credit fixed-income assets to generate attractive operating Thank you! WATFORD INTERNATIONAL LIMITED. AM Best acknowledges that the transaction with Arch could benefit the Watford group through potential further de-risking of its investment portfolio, removing the burden of public company. Watford Insurance Company (Europe) Limited will serve UK . #Watford LLC Thanks to the new P-to-C business model developed by Richard Watford . Bests News & Research Service - October 18, 2016 03:14 PM (EDT). Kroll Bond Rating Agency (KBRA) has affirmed the insurance financial strength ratings of A for Somers Re Ltd., the groups flagship reinsurer, is focused on delivering flexible, creative solutions to clients worldwide. De Pozuelo 50 Majadahonda Madrid 28222 SPAIN. Watford Insurance Company Europe Limited. We believe that Somers Re is uniquely qualified to augment its position with its clients and counterparties and look forward to leveraging our expertise and capabilities to support the firm in this next chapter.. christopher.sharkey@ambest.com, Steven M. Chirico, CPA In addition, WSIC and WIC are rated "A" by the rating agency Kroll Bond, as are the members of the Watford Group. November 6, 2021. Watfords assets are not commingled with any other HPS-managed fund. Nature of business (SIC) hTkLSg~5"zPY`J]B p;>Mqf#"[ %0n[\1F6[\;>~' V_y`[i8SZOf/ ;j>))g.9B~u!5YiU'e.AL)%Y))DS1[:MJQO$HHe^{'+XA!.y#C)-v=h..J5\34rOmHt`JkSQhwor7yoSOU#ra;Ll?l1W`|$]r?v]:}R- Please click on "Show All" under Permissions to establish the current state of the entity. Kelso was founded by the inventor of the Employee Stock Ownership Plan (ESOP) and, as a result, the principles of partnership and alignment of interest serve as the foundation of the firms investment philosophy. Rating Disclosure Form, Press Release AM Best will continue to evaluate Watfords balance sheet strength, operating performance and enterprise risk management to assess that it stays in line with projected amounts. These cookies dont collect information that identifies you personally as a visitor. Oldwick //BestWire// - A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of a- to Watford Insurance Company (WIC) (Morristown, NJ). The most well known are Standard & Poor's, Moody's, Fitch and A.M. Best. james.peavy@ambest.com, Internet Explorer presents a security risk. Watford Group has a capitalization of USD 1.2 billion as of December 31, 2017. Job in Watford - England - UK. Watford is a global total return (re)insurer that combines medium- to long-tail casualty risks with an investment strategy focused on noninvestment grade corporate credit fixed-income assets to generate attractive operating returns. Watford Group's underwriting subsidiaries, including Watford Insurance, have earned "A-" (Excellent) Financial strength rating from AM Best . 1st Floor, Grand Ocean Plaza. Watfords assets are managed by HPS, a New York-based, SEC-registered investment adviser. These rating actions follow Watfords announcement on April 23, 2020 that its 2020 first quarter earnings will include a net investment loss of approximately $300 million due to investment market volatility following the global economic shutdown related to the COVID-19 pandemic. % of people found this article valuable. Each entity is registered with Legal Entity Identifier (LEI), entity name, status, address, etc. Protects you from potential costs incurred from a range of repairs up to the value of 750, should your approved used SEAT not pass its next MOT test. Negative rating actions could occur if Watfords operating performance is weak or inconsistent, if the company experiences large underwriting or investing losses or if risk-adjusted capitalization becomes strained. On July 2, 2021, Watford Holdings Ltd. was acquired by Arch Capital Group Ltd. (40%) and funds managed by Kelso & Company (30%) and . Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Registered office: Level 3 Ocean Village Business Centre, 23 Ocean Village Promenade, Gibraltar. Search OpenCorporates for WATFORD INSURANCE COMPANY EUROPE LIMITED. AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- of Bermuda-based Watford Re Ltd. | Watford Insurance is a 100 percent-owned subsidiary of Watford Re Ltd., a global reinsurance and insurance company. Further rating action may also be taken if AM Best believes Watfords measured levels of balance sheet strength, operating performance, business profile, or enterprise risk management are no longer able to support its current rating level. Please enable it to use Please tell us what you liked about it. Watford's guidelines that specifically limit exposure to natural catastrophes and other Kelso is one of the oldest and most established firms specializing in private equity investing. AM Best will evaluate on an ongoing basis Watfords risk-adjusted capitalization and invested asset valuations as updated information becomes available. View AM Best's +1 908 439 2200, ext. Key rating factors that could result in positive rating actions would be Watford meeting or exceeding its business plan over the long term, which includes consistently strong operating results while maintaining strong risk-adjusted capitalization. Partially offsetting these positive rating factors are the inherent risks associated with a start-up company and the risks associated with a leveraged alternative investment strategy. Industry: Fire, marine, and casualty insurance Printer Friendly View Address: 445 South St Ste 220 Morristown, NJ, 07960-6475 United States See other locations 3rd Floor, Development House St Anne Street. This website uses cookies so that we can provide you with the best user experience possible. Insurance Company Europe Limited, Watford Specialty Insurance Company, and Watford Insurance This press release relates to Credit Ratings that have been published on AM Bests website. hbbd```b`` "gI &d $%BL ?O_ Marketing Intern. We are taking the best parts of Watford and adding new strategies and capabilities., Michael Thompson, Managing Director at Warburg Pincus, added, We are pleased to be able to partner with Arch to deliver performance for Somers Re policyholders and trading partners. If you are seeking to file a claim against a Watford Insured, questions about a current claim, or to report a claim directly to Watford, please contact us via the following: . Sponsor Us Manager, Public Relations endstream endobj startxref shorter-tail risks. :. In addition, each of WSIC and WIC is rated "A" by Kroll Bond Rating Agency, similarly as members of the Watford Group. Monthly company sales related bonus divided among the team. 2288 0 obj <>/Filter/FlateDecode/ID[]/Index[2276 21]/Info 2275 0 R/Length 76/Prev 895996/Root 2277 0 R/Size 2297/Type/XRef/W[1 3 1]>>stream Services (UK) of an Overseas Firm. Suite 3, Ground Floor - financial data included in Best's Credit Report reflects the data used in determining the current credit rating(s). Key Concepts for New Captive Board Members, A Primer on Governance Models for Captives, A Captive Insurer Template for Corporate Governance Standards, For Captive Owners, There's No Transferring Governance Responsibility, 12 Key Considerations When Picking a Captive, KBRA: Bermuda Business Environment Fosters (Re)Insurance Innovation, KBRA Releases Rating Report for Watford, an Arch Partner, KBRA's Unique Global Captive Insurer Rating Methodology. Keeping this cookie enabled helps us to improve our website. WATFORD INSURANCE COMPANY EUROPE LIMITED WELWYN INSURANCE COMPANY LIMITED address: FIRST FLOOR, GRAND OCEAN PLAZA, OCEAN VILLAGE, Gibraltar, GX11 1AA, GI Entity Overview Registration Authority Entity Legal Form Legal Form Code WBKH LEI Registration Entity Relationship Reporting Exceptions Office Location Entities in the same location Senior Financial Analyst outstanding cumulative contingently redeemable preference shares. Additionally, KBRA affirms the rating of BBB- for Watford Holdings' AM Best will evaluate on an ongoing basis Watfords risk-adjusted capitalization and invested asset valuations as updated information becomes available. Europe/EU-based business is underwritten by Axeria IARD. I am also pleased to remain engaged with our long-term partner, Highbridge Principal Strategies, as our primary investment manager., Cunningham stated, I am looking forward to continuing the work with our founding sponsor Arch and welcoming the new Warburg Pincus and Kelso board members to Somers Re. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings. . About Us | Watfords underwriting risk coupled with the leveraged alternative investment strategy creates an elevated risk profile that could expose Watford on the asset and liability sides of the balance sheet. In addition, WICE is rated A by Kroll Bond Rating Agency as a member of Somers Group Holdings Ltd. WICE was founded to engage in long term relationships in Coinsurance, Managing General Agency, Program Administrator, and other insurance partnerships. We strive to be an innovative, customer- focussed insurance group; providing an excellent experience through collaboration and consistently delivering value. business is provided by Arch Underwriters Ltd. and Arch Underwriters, Inc., both wholly owned View additional news, reports and products for this company. The following links provide access to related data records that AM Best utilizes to provide financial and analytical data on a consolidated or branch basis. Rebrand completes strategic repositioning. Customer Service Rep. Salary Range or Wage: 40000 - 60000 GBP Yearly. The outlook for all ratings The Symbol, Number, or Score in the Rating Scale used to Denote the Credit Rating . WATFORD INSURANCE COMPANY EUROPE LIMITED. A.M. Best Assigns Credit Ratings to R&Q Insurance (Malta) Limited; Affirms ICR of Randall & Quilter Investment Holdings Ltd. Your email address will not be published. Topics AM Best expects to resolve the under review with negative implications status when Watfords risk-adjusted capitalization is restored back to its prior level. Thank you! Arch has assigned its interests and obligations under the merger agreement to a newly formed entity, Greysbridge Holdings Ltd., under which Arch owns approximately a 40% stake, with funds managed by Warburg Pincus LLC and Kelso & Company, each owning approximately 30%. Additionally, A.M. Best has stress-tested risk-adjusted capitalization for simultaneous adverse underwriting and investment events and Watford appears to be adequately capitalized under those conditions. Earlier this year, the company closed its acquisition of France-based insurance company Axeria IARD. AM Best Removes From Under Review With Negative Implications, Affirms Credit Ratings of R&Q Insurance Hldgs Ltd. and Rated Subs Ad - Leaderboard - Pinnacle Actuarial Resources In addition, KBRA has affirmed the BBB+ credit rating for Watford Holdings' senior unsecured notes due 2029, and also the BBB- credit rating of the company's outstanding cumulative contingently redeemable preference shares. Private limited Company Incorporated on 26 July 2017. Please enable Strictly Necessary Cookies first so that we can save your preferences! Represents the Property/Casualty financials for the United Kingdom Branch of this legal entity. AM Best expects to resolve the under review with negative implications status when Watfords risk-adjusted capitalization is restored back to its prior level. Watford Insurance Company Europe Ltd AM Best #: 022489 NAIC #:N/A FEIN #:N/A Financial Strength Rating View Definition Rating: A- (Excellent) Affiliation Code: g (Group Rating) Financial Size Category: XI ($750 Million to $1 Billion) Outlook: Stable Action . To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Guide to Proper Use of Bests Ratings & Assessments. Watford Insurance Company (Europe) Limited Export contact Insurer GC Code UK Insurer Code UK-515 Contact informations 1st Floor Ocean Village Gibraltar Gibraltar United Kingdom WICEclaims@watfordre.com 00350 200 74570 Export list Claims representatives Export list Correspondents This site uses cookies to enhance your user experience. ALL RIGHTS RESERVED. Please enable it to use the full functionality of the web site. We buy shares through Inwallet and become a co-owner of a small stake in one or more of these companies (GoldmineBMD, New Millenium Wind Energy, EDV Recycling, Marijuana Diet . AM Best said these rating actions follow an announcement from Watford on April 23, 2020, which revealed its 2020 first quarter earnings include a net investment loss of approximately $300 million due to investment market volatility following the global economic shutdown related to the COVID-19 pandemic. The firms active portfolio of more than 215 companies is highly diversified by stage, sector, and geography. B*GsP GP 8P23ybG2(Sr[7qp{4@WBKRFBH2^c@0aXE2]vp%4 All rights reserved. Our Group values are voted for by our staff, embedded in our culture and reflected in the way we treat our customers: they underpin daily decision-making and shape our strategic thinking. 5159 Director Gibraltar Reinsurers Financial Strength Press Release A.M. Best Rating Services, Inc. Insurance Bermuda Issuer Credit Rating Best's Credit Rating Action Rating Event. Watford Holdings. Assigned to insurance companies that have, in our opinion, an excellent ability to meet their ongoing insurance obligations. Why Should You Consider Forming a Captive Insurance Company? Find jobs. Our principal operating companies incorporated in Bermuda are: (i) Somers Group Holdings Ltd. and (ii) Somers Re Ltd. Our principal operating company in Europe is Watford Insurance Company Europe Limited, a company incorporated in Gibraltar (Registered Number 112869 and Registered Office: PO Box 1338, First Floor, Grand Ocean Plaza, Ocean . The name change is part of a strategic repositioning for Somers Re as it builds on the Watford platform that was originally established in 2014 as a total return reinsurer. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. You can find out more about which cookies we are using or switch them off in settings. Atlantic Suites If you disable this cookie, we will not be able to save your preferences. Experienced, disciplined sourcing and underwriting of insurance and reinsurance Ad - Leaderboard - Pinnacle Actuarial Resources, Call us toll free: (800) 827-4242 Or Contact Us, Learn more about Captive.com Sign up to get our free newsletter, Captive.com, International Risk Management Institute, Inc. (IRMI), 12222 Merit Drive, Suite 1600, Dallas, TX 75251-2266, Copyright 20142023 International Risk Management Institute, Inc. (IRMI). Between 2012 and 2021, the number of people owning. The ratings reflect Somers' balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating. About Somers Group Holdings Ltd. WELWYN INSURANCE COMPANY LIMITED (Previous Legal Name, En) Business Registry Name . Additionally, Sioned Butler has been appointed Chief Financial Officer of Somers Re. WATFORD INSURANCE COMPANY EUROPE LIMITED (LEI# 213800RLTETCAMJ4PS30) is a legal entity registered with LONDON STOCK EXCHANGE LEI LIMITED. Attn: Claims Dept 445 South Street, Suite 220 P.O. Motor insurance Somerset Bridge Watford Insurance Company Europe Limited, Alwyn Insurance Company Limited and Southern . Claims service excellence: Our dedicated in-house claims team is highly knowledgeable with the capability and expertise to handle all aspects of your claims. The ratings of Watford have been extended to WICE and WSIC based on their strategic role to Watford and the explicit and implicit support provided by Watford. new. OLDWICK, N.J.-- ( BUSINESS WIRE )-- AM Best has commented that the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" of Watford Re. This dataset includes 1.7 million Legal Entity Identifiers (LEIs). On July 2, 2021, Watford Holdings Ltd. was acquired by Arch Capital Group Ltd. (40%) and funds managed by Kelso & Company (30%) and Warburg Pincus (30%). Oldwick //BestWire// - AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- of Watford Re Ltd. (Watford Re) (Bermuda) and its subsidiaries, Watford Insurance Company Europe Limited (WICE) (Gibraltar), Watford Insurance Company (WIC) (New Jersey) and Watford Specialty Insurance Company (WSIC) (New Jersey). WICs assigned ratings also recognize its strategic role to Watford and the explicit and implicit support provided by Watford. Please do not leave any private information here. Out of 137 features in our database, our experts have selected the 48 most important ones. OLDWICK, N.J., November 18, 2022--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" (Excellent) of Somers Re Ltd. (Bermuda) and its subsidiaries: Watford Insurance Company Europe Limited (Gibraltar); Watford Insurance Company (New Jersey); Watford Specialty Insurance Company (New Jersey); and Axeria IARD (France . Watfords ratings are based on its strong risk-adjusted capitalization; experienced underwriting led by Arch Underwriters Ltd. and Arch Underwriters Inc., wholly owned subsidiaries of Arch Capital Group Ltd.; leading investment acumen of HPS Investment Partners, LLC (HPS); and Watfords broad-based business plan. In this way we receive dividends in full liability once a week, indefinitely Let our expert ratings help you quickly find out what the quality of your car insurance policy is. Fidelis Underwriting Limited. Our Lloyd's Syndicate 2232 is rated A+ (Strong) by Standard & Poor's and AA-(Very Strong) by Fitch. Minimum 24-months' cover with SEAT-Approved parts used for any repairs. Keeping these cookies enabled helps us to improve our website and display content that is more relevant to you and your interests. 5087 PEMBROKE, Bermuda(BUSINESS WIRE) FCA Firm Reference Number is 714197. Accountancy In Europe.com Ltd, based in Watford, provides accountancy and tax services not only in Europe but across the globe. Apply to jobs now hiring in Watford on Indeed.com, the worlds largest job site. Ocean Village . Both WSIC and WIC are registered with the NAIC and carry an A- (Excellent) rating, Financial Size Category XII ($1 Billion to $1.25 Billion) by A.M. Best. This web site needs javascript enabled to work properly. Ideally looking for someone based within an hour of the Watford region. WICE Policy Wording Page 3 of 36 Information about Your Policy documents Your Commercial Vehicle insurance contract is made up of: Founded in 1966, Warburg Pincus has raised 20 private equity funds, which have invested more than $97 billion in over 960 companies in more than 40 countries. Accessibility, Ad - Leaderboard - Pinnacle Actuarial Resources. Watford : AM Best Maintains Under Review With Negative Implications Status for Credit Ratings of Watford Re Ltd. and Its Subsidiaries | MarketScreener Homepage Equities United States Nasdaq Watford Holdings Ltd. News Summary WTRE BMG947871015 WATFORD HOLDINGS LTD. (WTRE) Add to my list Insurance (1188) Telecommunications (1137) Energy, Mining, Utilities (920) . 660936. %PDF-1.6 % For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings. Offering salaries circa 60,000 65,000 + Package 75002 Paris . Thank You! Watford Insurance Company Europe Limited (WICE) is a subsidiary of Somers Group Holdings Ltd. and a Gibraltar-based insurance company providing capacity to clients across Europe and the UK. The outlook of these ratings is stable. Watford Specialty Insurance Company and Watford Insurance Company will serve U.S.-based customers, Watford Insurance Company (Europe) Limited will serve UK-based customers and Axeria IARD will provide capacity to clients across continental Europe. S E T H: WHEREAS, the Company desires to cede, and Reinsurer desires to accept, a quota share participation in certain insurance policies written by the Company subject to the terms and conditions contained in this Agreement . In addition, WICE is rated "A" by Kroll Bond Rating Agency as a member of Somers Group Holdings Ltd. Operating as Somers Re, the firm will follow a more traditional reinsurance business model, leveraging Archs underwriting expertise while pursuing a more conservative investment strategy. The insurance operations of Somers Group Holdings Ltd. will continue to operate under their existing names. Axeria is an established insurer in the French market and adds additional capabilities to Somers suite of insurance products and managing general agencies (MGA) strategy. Company number 10885613. The net investment loss is expected to be predominantly comprised of unrealized mark-to-market losses to Watfords non-investment grade, fixed-income portfolio, said AM Best. @>x@Bi2>dE? Required fields are marked *. u Denotes Headquartered in Bermuda, the name Somers Re is a nod to Sir George Somers, who founded Bermuda in 1609. You are . 0 h@>:x=aV=QW3E%]St g8j727Gxb`}qmvmbhSBfVwMky*9w{n~ g:*/e_Ml DT C Bests News & Research Service - May 01, 2020 11:07 AM (EDT). WATFORD Insurance, cu sediul in Gibraltar, are un rating "A-" acordat de catre A.M. BEST si functioneaza in Uniunea Europeana si in Marea Britanie din anul 2015. You will need to pay the first 10 towards any claim (the excess). Europort Avenue In addition, AM Best has maintained the under review with negative implications status for the Long-Term ICR of bbb- (Good) and the Long-Term Issue Credit Rating of bb (Fair) on the $225 million ($52 million outstanding) 8.5% cumulative preference shares of Watford Holdings Ltd. (Watford) (Bermuda) [NASDAQ: WTRE], the groups ultimate holding company. Watford's ratings are based on its strong risk-adjusted capitalization; experienced underwriting led by Arch Underwriters Ltd. and Arch Underwriters Inc., wholly owned subsidiaries of Arch Capital Group Ltd.; leading investment acumen of HPS Investment Partners, LLC (HPS); and Watford's broad-based business plan. WATFORD INSURANCE COMPANY EUROPE LIMITED Authority Authority I D RA000375 Authority Authority I D 112869 Legal Jurisdiction GI Legal Form Legal Form Code WBKH Status ACTIVE Initial Date 2015-08-25 20:00:00 Last Update Date 2021-07-21 11:50:26 Status ISSUED Next Renewal Date 2022-08-25 20:00:00 Managing L O U July 20, 2022. Further rating action may also be taken if AM Best believes Watfords measured levels of balance sheet strength, operating performance, business profile, or enterprise risk management are no longer able to support its current rating level. The outlook assigned to these Credit Ratings (ratings) is stable. Third-party websites may use them to remember that you have visited a website, and this information is shared with other organisations such as media publishers. In addition, A.M. Best has affirmed the Long-Term ICR of bbb- and the Long-Term Issue Credit Ratings of bb on the $225 million 8.5% cumulative preference shares of Watford Holdings Ltd. (Bermuda). AM Best Places Credit Ratings of Randall & Quilter Investment Holdings Ltd. and Its Rated Subsidiaries Under Review: Nov 11, 2021: AM Best Affirms Credit Ratings of Randall & Quilter Investment Holdings Ltd. and Its Subsidiaries: Dec 03, 2020: AM Best Assigns Credit Ratings to Accredited Specialty Insurance Company: Oct 15, 2020 the topmost entity of the corporate structure. Watford Insurance Company Europe Limited is authorised and regulated by the Gibraltar Financial Services Commission and subject to limited regulation by the Financial Conduct Authority (FCA). In addition, the competitive market conditions in the reinsurance sector may challenge the execution of the business plan. }W+R1X\86}} >GP7omBmP,`]{. Hence the need to have a multilingual condidate with good communication skills. The most well known are Standard & Poor's, Moody's, Fitch and A.M. Best. The firm has more than $67 billion in private equity assets under management. WICE has earned an "A- (Excellent)" rating from A.M. Best. Somers Re is a privately held global property and casualty insurance and reinsurance company with operations in Bermuda, the United States, and Europe. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Warburg Pincus LLC is a leading global growth investor. UK business is underwritten by Watford Insurance Company Limited. PO Box 940 I am an experienced Test Manager, Defect Manager & Jira Administrator in Private and public sectors with 11 years in the Banking & Insurance industry and 7 in Digital Retail & E-commerce. The publisher estimates that in 2021 around 12.1 million adults were covered by mobile phone insurance and 5.7 million by gadget insurance. AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of" a-" of Watford Re Ltd. and its . Red Sands Insurance Company (Europe) Limited is registered in Gibraltar Reg. This press release relates to Credit Ratings that have been published on AM Bests website. Watford Insurance Company Europe Limited (WICE) is a subsidiary of Somers Group Holdings Ltd. and a Gibraltar-based insurance company providing capacity to clients across Europe and the UK. Kelso benefits from a successful investment track record, deep sector expertise, a long-tenured investing team, and a reputation as a preferred partner to management teams and corporates. Arch Capital Group Ltd., alongside investment partners Warburg Pincus and Kelso & Company announced that Watford Holdings Ltd. and Watford Re Ltd. have been renamed Somers Group . For more information, please visit www.somersgroup.com. Company reviews. We are part of the Pinnacle Pet Group (PPG) - a pan European fully integrated pet insurance and health services platform, which was set up as a joint venture between JAB Holding Company and BNP Paribas . OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has maintained the under review with negative implications status for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- (Excellent) of Watford Re Ltd. (Watford Re) (Bermuda) and its subsidiaries, Watford Insurance Company Europe Limited (WICE) (Gibraltar), Watford Insurance Company (WIC) (New Jersey) and Watford Specialty Insurance Company (WSIC) (New Jersey). Targeted or advertising cookies collect information about your browsing habits. 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watford insurance company europe limited rating

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