KBRA assigns BBB rating to Orange Insurance Exchange
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KBRA assigns BBB rating to Orange Insurance Exchange

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KBRA has assigned start-up carrier Orange Insurance Exchange a BBB insurance financial strength eating (IFSR) with a stable outlook, the ratings agency announced Wednesday.

The agency said the rating reflects Orange's low underwriting leverage and significant surplus relative to projected premiums written, in addition to a favorable market opportunity for entrants to a sector with declining private market capacity.


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