AM Best downgrades Kelvin Re credit rating after Cowen acquisition
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AM Best downgrades Kelvin Re credit rating after Cowen acquisition

Martha Muir
16 June 2022
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AM Best has downgraded the credit ratings of Kelvin Re, following its recent acquisition by Cowen, a US-based multinational financial services group.

Its financial strength rating was moved to B+ (good) from A- (excellent) and the long-term issuer credit rating to “bbb-” (good) from “a-” (excellent).

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Martha Muir
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