In a brief announcement A.M. Best Co. said it has placed the financial strength ratings of “A” (Excellent) and “A+” (Excellent) of St. Paul Guarantee Insurance Company (Toronto) and Travelers Casualty and Surety Company of Canada, respectively, under review with developing implications.
“The current under review status reflects the pending amalgamation of the companies,” said Best. “The planned surviving entity will be St. Paul Guarantee Insurance Company. The ratings will remain under review pending regulatory approval and A.M. Best’s completed analysis of the amalgamation.”
Topics Canada
Was this article valuable?
Here are more articles you may enjoy.
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
