A.M. Best Withdraws Ratings of Chartis Excess Limited

A.M. Best has withdrawn the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Chartis Excess Limited (CEL) (Ireland). All insurance liabilities have been transferred to other entities within American International Group, Inc. (AIG) (New York, NY) [NYSE:AIG]. In addition, the Central Bank of Ireland has accepted the renunciation of CEL’s Certificate of Authorisation.

The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.

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