AM Best Affirms Credit Ratings of Biglari Reinsurance Ltd. and Affiliates
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AM Best has affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of “a+” (Excellent) for Biglari Reinsurance Ltd. and its affiliates, First Guard Insurance Company and Southern Pioneer Property and Casualty Insurance Company, with a stable outlook. The ratings reflect Biglari Re's very strong balance sheet strength, strong operating performance, and appropriate enterprise risk management. The group’s risk-adjusted capitalization is at the strongest level, supported by its parent company, Biglari Holdings Inc. Biglari Re focuses on reinsuring its affiliated companies and has shown consistent revenue growth and stable earnings.
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