Montpelier U.S. Insurance Company News

A.M. Best Co. has revised the outlook to stable from positive, downgraded the issuer credit rating to “bb” from “bb+” and affirmed the financial strength rating of ‘B’ (Fair) of Chicago-based Unique Insurance Company. Best explained that the revised outlook …

Selective Insurance Group is acquiring Montpelier U.S. Insurance Company (acronym MUSIC), an excess-and-surplus lines unit from Montpelier Re U.S. Holdings Ltd., for $55 million. Selective said the deal would be completed before the end of the year, pending customary closing …