Standard & Poor’s Ratings Services affirmed its “BBB-” counterparty credit and senior debt ratings on White Mountains Insurance Group Ltd. and its “A-” counterparty credit and financial strength ratings on Folksamerica Reinsurance Co. (Folksamerica) following WTM’s announcement that it plans …
A.M. Best Co. has affirmed the financial strength ratings of Odyssey Reinsurance Group based in Wilmington, Del., of an “A” (excellent). In addition, Best has assigned the financial strength rating of “A” (excellent) to Hudson Specialty Insurance Company in New …
A.M. Best Co. downgraded the financial strength ratings to “A” (excellent) from “A+” (superior) of the members of Chicago-based CNA Surety Corporation Group. The outlook is negative. The rating action follows CNA Surety’s announced $88 million third quarter 2003 reserve …
Following the recently announced merger plans of The St. Paul Companies Inc. (SPC) and Travelers Property Casualty Corp., Fitch Ratings placed its “BBB+” long-term senior debt and “F2” commercial paper ratings of The St. Paul on rating watch positive. Concurrent …
A.M. Best Co. downgraded the financial strength rating of Clarendon Insurance Group to “A-” (excellent) from “A” (excellent), and its property/casualty affiliates. The outlook is stable. Clarendon’s downgrade reflects the recent downgrade of its parent Hannover Re based in Germany …
A.M. Best Co. affirmed the financial strength ratings of Odyssey Reinsurance Group based in Wilmington, Del., of an “A” (excellent). In addition, the financial strength rating of “A” (excellent) was assigned to Hudson Specialty Insurance Company in New York, a …
A.M. Best Co. affirmed the financial strength rating of “A” (excellent) of the Guarantee Company of North America based in Montreal, Canada. Best also affirmed the “A-” (excellent) financial strength ratings of the U.S. subsidiaries, GCNA USA, Mount Laurel, N.J., …
A.M. Best Co. downgraded the financial strength ratings to “A” (excellent) from “A+” (superior) of the members of the CNA Surety Corporation Group based in Chicago. The rating outlook is negative. The rating action follows CNA Surety’s announced $88 million …
Standard & Poor’s (S&P) Ratings Services revised its outlook on Cincinnati Insurance Co., Cincinnati Casualty Co., and Cincinnati Indemnity Co., which are Cincinnati Financial Corp.’s (CFC) P/C operating companies, to negative from stable because of the group’s poor experience in …
A.M. Best Co. has assigned a “bbb” debt rating to the $100 million, 30-year senior unsecured notes to be issued by AAG Holding Co. Inc., a wholly-owned subsidiary of Cincinnati-based insurer Great American Financial Resources Inc. (GAFRI). The notes are …
