Standard & Poor’s Ratings Services lowered its counterparty credit rating on PMA Capital Corp. to “CC” from “B” and removed it from CreditWatch, where it had been placed on Nov. 4, 2003. The outlook on PMACA is developing. S&P also …
Standard & Poor’s Ratings Services said its “A-” counterparty credit rating on Travelers Property Casualty Corp. and its “AA-” counterparty credit and financial strength ratings on members of the Travelers Property Intercompany Pool and Travelers Casualty and Surety Co. of …
S&P announced that its “A+” counterparty credit and financial strength ratings on members of the Gulf Insurance Group—Gulf Insurance Co., Atlantic Insurance Co., Gulf Underwriters Insurance Co., Gulf Group Lloyds, and Select Insurance Co.—are remaining on CreditWatch with negative implications. …
Fitch Ratings assigned a “BBB” long-term rating to RLI Corp. (RLI) and a “BBB” rating to RLI’s 5.95 percent senior unsecured notes due in 2014. In addition, Fitch assigned “A” financial strength ratings to RLI’s subsidiaries, RLI Insurance Company and …
A.M. Best Co. announced that it upgraded the financial strength ratings of Massachusetts-based Allmerica Financial Corp.’s P/C companies (AFC) to “A-” (excellent) from “B++” (very good). AFC’s debt ratings were upgraded to “bb+” from “bb” for senior debt, “bb-” from …
Fitch Ratings affirmed the “BBB+” long-term issuer ratings of American Financial Group Inc. (AFG) and its subsidiaries American Premier Underwriters Inc. and Great American Financial Resources Inc. (GAFR). The affirmation affects $815 million worth of specific debt issuance by the …
A.M. Best Co. assigned a Best’s Syndicate Rating of “A” (excellent) to Lloyd’s Syndicate 2001, which is managed by Amlin Underwriting Ltd. The outlook is stable. The rating reflects the syndicate’s excellent profile and prospective financial performance, in addition to …
A.M. Best Co. affirmed the financial strength rating of “A” (excellent) of Unitrin Property and Casualty Insurance Group, based in Dallas, Texas, and revised the rating outlook to negative from stable. The rating reflects Unitrin’s adequate capitalization for the current …
A.M. Best Co. affirmed the financial strength rating of “A-” (excellent) of the subsidiaries of Ohio Casualty Group based in Cincinnati, Ohio. The affirmation is based on the group’s supportive capitalization, diversified product offerings and geographic spread of risk, as …
A.M. Best Co. upgraded the financial strength ratings to “A” (excellent) from “B” (fair) of Iowa Mutual Insurance Company and Iowa American Insurance Company both of De Witt, Iowa. The ratings have been removed from under review. The rating outlook …
