S&P Affirms RAM Reinsurance 'AAA' Financial Strength Rating

Apr 30, 2001, 01:00 ET from Standard & Poor's

    NEW YORK, April 30 /PRNewswire/ -- Standard & Poor's today affirmed its
 triple-'A' financial strength rating on RAM Reinsurance Co. Ltd. (RAM Re).
 "The affirmation is based on a sound capital position and solid claims-paying
 resources, disciplined and well-managed underwriting practices, and strong
 relationships with the primary insurers," said David Veno, Director in
 Standard & Poor's Bond Insurance Ratings Group.
     While RAM Re wrote less facultative business in 2000 than in 1999,
 management selectively increased its treaty participation so as to limit its
 exposure to the higher-risk sectors. In addition, management has done a good
 job of controlling the growth of par exposure relative to the size of its
 capital base.
     Management expects to soon finalize a treaty with a fourth insurer, which
 would round out RAM Re's treaty relationship with all the primaries. In
 addition to the four primaries, on a very limited basis, management has sought
 exposure outside of the four primary companies.
 
     OUTLOOK: STABLE
     Standard & Poor's outlook for RAM Re is stable based on the company's
 strong capital position and conservative underwriting and risk-management
 functions.
     -- CreditWire
 
 

SOURCE Standard & Poor's
    NEW YORK, April 30 /PRNewswire/ -- Standard & Poor's today affirmed its
 triple-'A' financial strength rating on RAM Reinsurance Co. Ltd. (RAM Re).
 "The affirmation is based on a sound capital position and solid claims-paying
 resources, disciplined and well-managed underwriting practices, and strong
 relationships with the primary insurers," said David Veno, Director in
 Standard & Poor's Bond Insurance Ratings Group.
     While RAM Re wrote less facultative business in 2000 than in 1999,
 management selectively increased its treaty participation so as to limit its
 exposure to the higher-risk sectors. In addition, management has done a good
 job of controlling the growth of par exposure relative to the size of its
 capital base.
     Management expects to soon finalize a treaty with a fourth insurer, which
 would round out RAM Re's treaty relationship with all the primaries. In
 addition to the four primaries, on a very limited basis, management has sought
 exposure outside of the four primary companies.
 
     OUTLOOK: STABLE
     Standard & Poor's outlook for RAM Re is stable based on the company's
 strong capital position and conservative underwriting and risk-management
 functions.
     -- CreditWire
 
 SOURCE  Standard & Poor's