AM Best affirms Trisura A- rating with negative outlook after C$81.5mn recoverable write-down

AM Best has reacted to the C$81.5mn ($59.5mn) write-down on reinsurance recoverables by Trisura Group relating to a collateral dispute on a cat-exposed program its US fronting platform supported by changing its outlook on the company’s A- financial strength and “a-” credit ratings to negative.