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A.M. Best Co. placed the excess & surplus lines business that St. Paul Travelers plans to sell under review, adding it expects to downgrade the financial strength of the businesses after the sale.

The Oldwick, N.J.-based rating firm said that it has placed the financial strength ratings of “A-plus” (Superior) and issuer credit ratings of “double-a-minus” of GeoVera Insurance Company, USF&G Specialty Insurance Company–both based in Hunt Valley, Md.–and Pacific Select Property Insurance Company in Fairfield, Calif., under review with negative implications.

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