Credit ratings agency AM Best has revised the outlooks of Renaissance Reinsurance Ltd. (RenRe) and its subsidiaries to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICRs), and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICRs of “aa-” (Superior). The subsidiaries include Renaissance Reinsurance U.S. Inc., RenaissanceRe Specialty U.S. Ltd., Renaissance Reinsurance of Europe Designated Activity Company, and RenaissanceRe Europe AG. AM Best said, “Despite the continuation of elevated global catastrophe activity in recent years, RenaissanceRe has produced very strong operating performance from underwriting and fee generation. “Looking forward, RenaissanceRe appears well-positioned to benefit from continued, largely favorable overall market conditions in the global reinsurance space. RNR has consistently demonstrated its ability to raise capital through the public and private equity markets, and the public debt markets.