AM Best goes negative on Sirius

Ratings agency AM Best has assigned a negative outlook to the
financial strength rating and issuer credit rating of Sirius just
days after the carrier was taken over by China Minsheng Investment
(CMI).
In July, AM Best placed the carrier's rating under review
with negative implications after its then-parent White Mountains
announced that it had agreed to sell the business.
Following the deal, which closed on Monday (18 April) AM Best
said the decision reflected its concerns that CMI had...