AM Best Places Credit Ratings of Canopius US Insurance, Inc. and Canopius Reinsurance AG Under Review With Negative Implications. (Wilimington, DE) and Canopius Reinsurance AG (Switzerland). Both entities are wholly-owned subsidiaries of Canopius AG (Canopius) (Switzerland), the non-operating holding company of the Canopius group of companies.
AM Best is conducting detailed discussions with Canopius’ management team regarding its capital and business plans, and will assess the impact of any capital management actions on the group’s risk-adjusted capitalisation over the coming months.
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