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The FloatThe Wrap

Fitch raises Beazley Insurance financial strength rating to AA after Zurich deal

The agency also lifted Beazley plc and its Dublin unit to AA- and expects combined specialty volumes around $15 billion.

At a glance

15-second brief
  • Fitch upgraded Beazley Insurance's financial strength rating to AA following Zurich's acquisition.

  • The agency also raised Beazley plc and its Dublin subsidiary to AA-.

  • Fitch expects the combined specialty platform to generate business volumes of around $15 billion.

Fitch upgraded Beazley Insurance's financial strength rating to AA following Zurich's acquisition.

The agency also raised Beazley plc and its Dublin subsidiary to AA-.

Fitch expects the combined specialty platform to generate business volumes of around $15 billion.

Separately, Selective Insurance Group named Vaib Kalia permanent chief investment officer, after he led the investment function on an interim basis since June and previously served as head of fixed income.

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