Somerset Holdings International Ltd. Surveillance Report
Rating Summary
The ratings reflect Somerset’s disciplined asset-intensive life reinsurance business model, strong capital quality and regulatory capitalization, sustainable profitability supported by a growing base of future earnings, and a concentrated but well-managed business profile. Balancing these strengths are a highly competitive operating environment and execution risk associated with the company’s growth strategy.
Somerset’s strategy is to be a leading provider of customized asset-intensive life and annuity reinsurance solutions, partnering with insurers to optimize capital, improve profitability and manage liabilities. The company targets predictable life and annuity cash flows and leverages its actuarial, structuring, investment and capital markets expertise to deliver tailored reinsurance and capital management solutions. Rather than competing on scale, Somerset emphasizes execution, transaction flexibility and long-term client relationships. Management continues to expand…
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