A.M. Best Co. affirmed the financial strength rating of “A” (Excellent) of Safeco Ins. Cos. based in Seattle, Wash. Best also affirmed the “bbb+” rating on Safeco’s existing senior debt and the “bbb” rating on its capital securities. Also, Best …
Moody’s Investors Service changed the outlook on the ratings for the legacy St. Paul intercompany pool to negative from positive. The outlook for St. Paul, TPCC, and TIGHI and the legacy Travelers intercompany pool and the Gulf intercompany pool remains …
Standard & Poor’s Ratings Services affirmed its “A+” counterparty credit and financial strength ratings on Gulf Insurance Co. and the other members of Gulf Insurance Group (Gulf) and removed them from CreditWatch based on a fully executed guaranty provided by …
S&P affirmed its “A” counterparty credit and financial strength ratings on Navigators Insurance Co. and NIC Insurance Co. (collectively referred to as Navigators), with a negative outlook. According to S&P, Navigators’ ratings reflect a strong competitive position in the marine …
S&P lowered its counterparty credit rating on Marsh & McLennan Cos. (MMC) to “A+” from “AA-” and removed it from CreditWatch. The outlook is stable. In another move, S&P also assigned its “A+” senior unsecured debt rating to MMC’s proposed …
A.M. Best affirmed the “A” (excellent) rating of GE’s Employers Reinsurance Corporation (GE ERC) and three of its U.S. entities, including Westport Insurance Corporation, First Specialty Insurance Corporation and GE Reinsurance. The outlook for all remains stable. Despite concerns about …
A.M. Best Co. downgraded the financial strength rating to “B+” (very good) from “A-” (excellent) of Coregis Insurance Company of South Bend, Ind. The outlook is being revised to stable from negative. This rating action was taken following the execution …
A.M. Best Co. affirmed the financial strength ratings of “A+” (superior) for Progressive Agency Pool, Progressive Direct Pool and United Financial Casualty Co., all based in Mayfield Village, Ohio. These entities previously comprised the Progressive Casualty Pool. The financial strength …
A.M. Best Co. affirmed the financial strength ratings of “A++” (superior) of the General Re Group. The rating applies to General Reinsurance Corporation of Delaware and its core property/casualty and life reinsurance and insurance subsidiaries operating both in the United …
S&P affirmed its “AA” counterparty credit and financial strength ratings on Old Republic Mercantile Insurance Co., and has subsequently withdrawn the ratings at the company’s request. The ratings withdrawal does not affect the ratings on Mercantile’s parent company, Old Republic …
