A.M. Best Co. affirmed the financial strength rating “A-,”excellent, of Island Heritage Insurance Co. Ltd., based in the Cayman Islands, and removed the rating from under review. The outlook is stable. This rating action follows Best’s review of Island Heritage’s …
Standard & Poor’s Ratings Services affirmed its “BBBpi” counterparty credit and financial strength ratings on Employers Mutual Casualty Co. and related pool members. S&P also raised its counterparty credit and financial strength ratings on EMC Reinsurance Co. to “BBBpi” from …
S&P assigned its “R” financial strength rating to Cascade National Insurance Co. after the Washington State Insurance Department placed the company under receivership on the basis of inadequate capital, effective November 2004. The Washington State Department of Insurance stated the …
S&P affirmed its “BBBpi” counterparty credit and financial strength ratings on National Lloyds Insurance Co. Also, it raised its counterparty credit and financial strength ratings on American Summit Insurance Co. to “BBBpi” from “BBpi.” According to S&P, the ratings reflect …
Fitch Ratings has affirmed the ‘A-‘ long-term issuer rating on GE Insurance Solutions Corp. and the ‘A-‘ ratings on GE Insurance’s senior unsecured notes. Fitch has also affirmed the ‘AA-‘ insurer financial strength rating on GE Insurance’s subsidiary, Employers Reinsurance …
Standard & Poor’s Ratings Services assigned its ‘R’ financial strength rating to State Capital Insurance Co. An insurer rated ‘R’ is under regulatory supervision, owing to its financial condition. The action was taken after the North Carolina Insurance Department ordered …
S&P revised its outlook on Ohio Casualty Corp. and the members of the Ohio Casualty Ins. Co. Intercompany Pool to positive from stable. S&P also affirmed its “BBB” counterparty credit and financial strength ratings on the members of OCIP–American Fire …
S&P lowered its counterparty credit and financial strength ratings on Best Meridian Ins. Co. and its subsidiary, Best Meridian International Ins. Co. to “BB+” from “BBB-” and assigned a stable outlook. At the same time, S&P withdrew the ratings, as …
A.M. Best affirmed the financial strength rating of “A-” (Excellent) Quanta Capital Holdings Ltd., a specialty insurance, reinsurance and risk consulting services provider. Best also affirmed the stable ratings outlook for all companies. According to Best, the ratings take into …
A.M. Best Co. placed the financial strength rating of “B” (fair) of the Proformance Insurance Co. of Freehold, N.J., under review with negative implications. This action reflects the deterioration of Proformance’s risk-adjusted capitalization through the first nine months of 2004. …
