Core Viewpoint - AM Best has assigned a Financial Strength Rating of A++ (Superior) and a Long-Term Issuer Credit Rating of "aaa" (Exceptional) to Berkshire Hathaway International Insurance Limited (BHIIL), indicating strong financial health and stability in its operations [1] Group 1: Ratings and Financial Strength - BHIIL is a wholly owned subsidiary of National Indemnity Company, which is the lead operating company of the National Indemnity Group, ultimately owned by Berkshire Hathaway Inc. [1] - The outlook for these Credit Ratings is stable, reflecting the strong consolidated balance sheet strength of National Indemnity, assessed as the strongest by AM Best [1] - BHIIL's ratings are supported by its very strong operating performance, favorable business profile, and appropriate enterprise risk management [1] Group 2: Business Operations - BHIIL plays a key role within the National Indemnity group, serving as a primary platform for accessing insurance business in the United Kingdom, Switzerland, and Italy, as well as international business in the London market [1] - The ratings also reflect the material reinsurance support from its parent company, enhancing BHIIL's operational capabilities [1]
AM Best Assigns Credit Ratings to Berkshire Hathaway International Insurance Limited