S&P: Harbor Point Re view stable

Standard & Poor's said it revised the outlook on Harbor Point Re Ltd. and its subsidiary Harbor Point Reinsurance U.S. Inc. to stable from negative. The A- counterparty credit rating is affirmed.

The outlook change reflects the fact that the group has met expectations, according to the agency.

"The group has reported a strong year-to-date combined ratio of 79% and return on revenue of 30%," S&P analyst Laline Carvalho said in a statement.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.