A.M.BEST HAS AFFIRMED UNITY RE’S FINANCIAL STRENGTH RATING

On 17/09/2012, A.M.Best Europe – Rating Services Ltd. has affirmed a
financial strength rating of Unity Re at B+ (Good) and an issuer credit
rating of ‘bbb-‘. The outlook has been enhanced to positive.

The positive outlook reflects Unity Re’s efficiency and strong level of
capitalization, as well as continuing growth of both Russian and foreign
portfolio. The agency notes the de-risking and de-leveraging of
company’s balance sheet, and forthcoming acquisition of 20% stake in
Unity Re by a major banking institution. The deal is expected to be
completed by the end of September, 2012.

A.M. Best also notes Unity Re’s leading market position in Russia &
CIS, and consistent quality in underwriting with a five-year average
combined ratio of 79.1%.

The official press-release of A.M.Best Europe – Rating Services Ltd. is
available here

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Last modifeid 01/01/1970 03:00:00 AM

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