The FSR of Markel International was lowered from “A” to “A-” by A.M. Best. At the same time, senior debt ratings for Markel International and Markel Corp. were lowered from “bbb+” to “bbb” while the preferred stock rating of Markel Capital Trust I was downgraded from “bbb” to “bb+” respectively.
Additionally, the “A” FSRs of the following Markel members were affirmed: Markel North American Insurance Group, Essex Insurance Co., Evanston Insurance Co., Markel Insurance Co., and Markel American Insurance Co. The “A-” FSRs of Markel members Associated International Insurance Co. and Deerfield Insurance Co. were also affirmed.
Was this article valuable?
Here are more articles you may enjoy.
Cyber Insurance Market ‘Stable’ With Potential for Growth, Says AM Best 
Workers Sue Disney, Say They Were Wrongly Induced to Move to Florida 
Big ‘I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023 
Let Good Adjusters, Not Expensive Lawyers, Make the Difference on Claims, CEO Says From This Issue
