A.M. Best Co. placed the excess & surplus lines businessthat St. Paul Travelers plans to sell under review, adding itexpects to downgrade the financial strength of the businesses afterthe sale.
The Oldwick, N.J.-based rating firm said that it has placed thefinancial strength ratings of "A-plus" (Superior) and issuer creditratings of "double-a-minus" of GeoVera Insurance Company, USF&GSpecialty Insurance Company--both based in Hunt Valley, Md.--andPacific Select Property Insurance Company in Fairfield, Calif.,under review with negative implications.
The three form St. Paul Travelers CATRisk operation, the St.Paul, Minn.-based monoline earthquake and excess and surplus andpersonal lines property unit.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
