AM Best has downgraded the financial strength rating of JRG Reinsurance Co. to “B++” (Good) from “A-” (Excellent) and its long-term issuer credit ratings to “bbb+” (Good) from “a-” (Excellent).
Concurrently, AM Best has placed JRG Re’s credit ratings under review with negative implications. JRG Holdings is domiciled in Pembroke, Bermuda, while its subsidiaries are based in P