A.M. Best Lowers R&SA USA Rating

NU Online News Service, Nov. 26, 3:00 p.m. EST?A.M. Best Co. said it has lowered financial strength ratings for the insurance pool of Royal & SunAlliance USA, based in Charlotte, N.C., to "B" (Fair) from "B-plus" (Very Good).[@@]

Also affected by the downgrade is the financial strength rating for the Royal Surplus Lines Insurance Company, a wholly-owned subsidiary of Royal Insurance Company of America, which is a member of the pool. The ratings have now been removed from under review with "negative" implications and a "negative" outlook has been assigned, the OIdwick, N.J.-based insurance rater said.

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