AM Best affirms Sirius despite Minsheng concerns

AM Best has affirmed the credit ratings of Bermuda-domiciled
carrier Sirius and its main subsidiaries despite what it called the
"materially weaker" credit profile of the
(re)insurer's parent, China Minsheng Investment Group Corp.
The rating agency marked the long-term issuer credit rating
(ICR) of Sirius International Group Limited (SIG) as bbb.
It assigned an A financial strength rating and an "a"
long-term ICR to Sirius Bermuda Insurance, with the same ratings
for Sirius International Insuran