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Best Assigns Ironshore 'A-' Rating

17 February 2007

A.M. Best Co. has assigned a financial strength rating (FSR) of "A-" (Excellent) and an issuer credit rating (ICR) of "a-" to Bermuda-based Ironshore Insurance Ltd. Concurrently, Best assigned an ICR of "bbb-" to Ironshore's Cayman Islands holding company, Ironshore Inc. The outlook for all ratings is stable.

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