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A.M. Best Places Ratings of Continental Reinsurance Plc Under Review with Negative Implications

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LONDON--(BUSINESS WIRE)--A.M. Best has placed under review with negative implications the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Continental Reinsurance Plc (Continental Re) (Nigeria). Continental Re is 53.6% owned by C-Re Holding Limited, a Mauritius-based investment vehicle, with the remainder being free float. The rating action follows Saham Group’s announcement made on 16 September 2015, that ECP Fund II Consortium, the investors in C-Re Holding Lim

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