Market Overview

A.M. Best Assigns Credit Ratings to New Member of Odyssey Re Holdings Corp., Clearwater Select Insurance Company


A.M. Best has assigned a Financial Strength Rating of A
(Excellent) and a Long-Term Issuer Credit Rating of "a+" to Clearwater
Select Insurance Company
(Clearwater Select) (Stamford, CT).
The outlook assigned to these Credit Ratings (ratings) is stable.
Clearwater Select is a newly added member of the Odyssey Re Holdings
, (Odyssey) rating unit and is a wholly owned subsidiary of
Odyssey. The ratings of the other members of the group are not affected
by Clearwater Select's rating assignment.

Clearwater Select has been made a member of the Odyssey rating unit due
to its strategic importance to the group. The company provides rate
flexibility, allowing the group to expand its specialty focus into
standard commercial risks. Clearwater Select also provides internal
reinsurance for its affiliates, and shares common management and
operational capabilities.

The Odyssey group ratings reflect its balance sheet strength, which A.M.
Best categorizes as strongest, as well as its strong operating
performance, neutral business profile and appropriate enterprise risk

This press release relates to Credit Ratings that have been published
on A.M. Best's website. For all rating information relating to the
release and pertinent disclosures, including details of the office
responsible for issuing each of the individual ratings referenced in
this release, please see A.M. Best's
Rating Activity
web page. For additional information
regarding the use and limitations of Credit Rating opinions, please view
Best's Credit Ratings
. For information on the proper media
use of Best's Credit Ratings and A.M. Best press releases, please view
for Media - Proper Use of Best's Credit Ratings and A.M. Best Rating
Action Press Releases

A.M. Best is the world's oldest and most authoritative insurance
rating and information source. For more information, visit

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