LONDON (Standard&Poor's) May 15, 2007--Standard&Poor's Ratings Services said today it assigned its 'A+' long-term counterparty credit and insurer financial strength ratings to Bermuda-based marine insurer Gard P&I (Bermuda) Ltd. (Gard P&I Bermuda). The outlook is stable. "The ratings reflect the company's core status to the Gard group, of which the principal operating entities include Norway-based mutual protection and indemnity association Assuranceforeningen Gard û gjensidig - and Bermuda-based Gard Marine&Energy Ltd.," said Standard&Poor's credit analyst Peter McClean. Gard P&I Bermuda is a sister mutual protection and indemnity association to Assuranceforeningen Gard û gjensidig - (Gard P&I; A+/Stable/--). Under a reinsurance agreement, the Bermudian association assumes 85% of the risks of Gard P&I, whose
