LGT’s Lumen Re affirmed amid re-underwriting
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LGT’s Lumen Re affirmed amid re-underwriting

Liz Bury
16 May 2022
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AM Best has affirmed Lumen Re’s financial strength rating of A, helped by an “adequate” operating performance which it said reflected the reinsurer’s move to start de-risking and re-underwriting after 2021 losses.

Lumen Re took increased losses from peak and secondary peril events in 2021, the ratings agency noted, without specifying further.

The

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