Standard & Poor’s Ratings Service has removed Zug, Switzerland-based reinsurer Converium AG and USF&G Specialty Insurance Co. from credit watch.

S&P affirmed its “triple-B-plus” long-term counterparty credit and insurer financial strength ratings on reinsurer Converium and the guaranteed operating entities of the Converium group. At the same time, the rating service said all ratings were removed from credit watch, where they were placed with negative implications on Nov. 4.

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