Watford Holdings is a prominent global insurance and reinsurance provider with a capital of approximately $1.0 billion. With operations across regions like the United States, Bermuda, and Europe, the company has gained an A- “Excellent” financial strength rating from A.M. Best and an "A" rating from Kroll Bond Rating Agency. However, despite its financial prowess, the company has been facing challenges recently. A.M. Best has placed the financial strength ratings of Watford's operating subsidiaries under review with negative implications. And Kroll Bond Rating Agency has revised the outlook for all ratings to negative, while simultaneously affirming the “A” insurance financial strength ratings of Watford's operating subsidiaries and the “BBB+” credit rating of Watford Holdings Ltd.