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Best says that Ategrity outlook is negative



A.M. Best Co. said on Thursday that they have revised the outlook for Ategrity Specialty Holdings LLC and its subsidiaries from stable to negative, citing concerns about the volatility of the issue. . Specialty Insurance Co., based in Scottsdale, Arizona, and its Bermuda branch, Sequentis Reinsurance Co. Ltd.

Best stated in its statement that the revision reflects concerns "about recent emission volatility, which has resulted in pressure on the company's operating performance and (enterprise risk management) fundamentals.

" While the company has recently made changes in senior executives and is in the midst of implementing a strategy with less inherent volatility, these changes must still prove beneficial to the group's issue guarantees in the interim period. ”

The company did not respond to a request for comment.

Ategrity said in September that they had completed ted raised $ 75 million in capital, led by Sequentis Financial LLC.

Ategrity began operations in September 201

8 with funding from Sequentis President Stuart Zimmer.

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