Everen Specialty Ltd.

BestLink

AMB #: 086605 AIIN #: AA3190128

Mailing Address
P.O. Box HM 1751
Hamilton HM GX,

Bermuda

Web: www.ocil.bm

Phone: 441-295-0905

Fax: 441-295-0351

View Additional Address Information

Domiciliary Address
3 Bermudiana Road
Hamilton HM08,
Bermuda

Assigned to insurance companies that have, in our opinion, an excellent ability to meet their ongoing insurance obligations.

View additional news, reports and products for this company.

Based on AM Best's analysis, 086605 - Everen Specialty Ltd. is the AMB Ultimate Parent and identifies the topmost entity of the corporate structure. View a list of operating insurance entities in this structure.

Best's Credit Ratings

Financial Strength View Definition

Rating (Rating Category):	A- (Excellent)
Outlook (or Implication):	Negative
Action:	Affirmed
Effective Date:	October 20, 2023
Initial Rating Date:	November 22, 2010

Long-Term Issuer Credit View Definition

Rating (Rating Category):	a- (Excellent)
Outlook (or Implication):	Negative
Action:	Affirmed
Effective Date:	October 20, 2023
Initial Rating Date:	November 22, 2010

Financial Size Category View Definition

Financial Size Category:

IX (USD 250 Million to Less than 500 Million)

AMB Rating Unit

Note: This data record represents an AMB Rating Unit and the following Best's Credit Ratings are based on the consolidated financials assigned to this record.

AMB #	Company Name	Best's FSR	Best's ICR
074586	OCIL Specialty Ltd	A-	a-

u Denotes Under Review Best's Rating

Best's Credit Rating Analyst

Rating Office: A.M. Best Rating Services, Inc.

Senior Financial Analyst: Antonietta Iachetta

Senior Financial Analyst: Guilherme Monteiro Simoes, CFA

Note: See the Disclosure information Form or Press Release below for the office and analyst at the time of the rating event.

Note: Credit Ratings on this company are European Union Endorsed and United Kingdom Endorsed

Disclosure Information

Disclosure Information Form
View AM Best's Rating Disclosure Form

Press Release
AM Best Revises Outlooks to Negative for Everen Specialty Ltd. and Affiliate
October 20, 2023

Rating History

AM Best has provided ratings & analysis on this company since 2010.

Financial Strength Rating

Effective Date	Rating
October 20, 2023	A-
October 21, 2022	A-
September 30, 2021	A-
September 25, 2020	A-
September 20, 2019	A-

Long-Term Issuer Credit Rating

Effective Date	Rating
October 20, 2023	a-
October 21, 2022	a-
September 30, 2021	a-
September 25, 2020	a-
September 20, 2019	a-

Rated Issues

Issue Credit Ratings

Date Issued	Amount	Coupon	Issue	Type	Rating	Effective Date	Outlook / Implication
09/29/2015	200,000,000 USD	8%	Subordinated	Debentures	bbb	10/20/2023	Negative

(i) Denotes Indicative Rating

Best's Credit & Financial Reports

Best's Credit Report - financial data included in Best's Credit Report reflects the data used in determining the current credit rating(s).

Best's Credit Report - Archive - reports which were released prior to the current Best's Credit Report.

Best's Financial Report - financial data included in Best's Financial Report reflects the most current data available to AM Best, including updated financial exhibits and additional company information, and is available to subscribers of Best's Insurance Reports.

Best's Financial Report - Archive - reports which were released prior to the current Best's Financial Report.

View additional news, reports and products for this company.

Press Releases

Date	Title


Oct 20, 2023	AM Best Revises Outlooks to Negative for Everen Specialty Ltd. and Affiliate
Dec 15, 2022	AM Best Affirms Credit Ratings of OCIL Specialty Ltd
Oct 21, 2022	AM Best Affirms Credit Ratings of Everen Specialty Ltd.
Dec 09, 2021	AM Best Affirms Credit Ratings of OCIL Specialty Ltd
Sep 30, 2021	AM Best Affirms Credit Ratings of Oil Casualty Insurance, Ltd
Dec 22, 2020	AM Best Assigns Credit Ratings to OCIL Specialty Ltd
Sep 25, 2020	AM Best Affirms Credit Ratings of Oil Casualty Insurance, Ltd
Sep 20, 2019	AM Best Affirms Credit Ratings of Oil Casualty Insurance, Ltd
Sep 21, 2018	A.M. Best Affirms Credit Ratings of Oil Casualty Insurance, Ltd
Aug 24, 2017	A.M. Best Affirms Credit Ratings of Oil Casualty Insurance, Ltd

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