Standard & Poor's Ratings Services said it placed its"single-A" financial strength ratings on Praetorian Insurance Co.on Credit Watch with positive implications.

The action followed the announcement that Hannover Re is sellingthe Praetorian companies to the QBE Insurance Corp.

The purchase price is $800 million.

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
NOT FOR REPRINT

© 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.