A “BBpi” FSR was assigned to American Mining Insurance Co. Inc. by S&P. The company primarily writes coverages for the mining industry, including workers’ compensation, general liability and commercial auto. Key rating factors include the company’s limited market penetration and operating scope, volatile two-year reserve development ratio, higher net leverage than similar companies, and high geographic and product-line concentration. The company, a wholly owned subsidiary of CGH Insurance Group Inc., is rated on a stand-alone basis.
Was this article valuable?
Here are more articles you may enjoy.
Trapped Tesla Driver’s 911 Call: ‘It’s on Fire. Help Please’ 
Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals 
Uber Jury Awards $8.5 Million Damages in Sexual Assault Case 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen From This Issue
