Standard & Poor's Ratings Services said the insurer financial strength rating and long-term counterparty credit rating for United Kingdom-based Hiscox Insurance Co. Ltd. has been raised to "A" from "A-minus." The outlook is stable.
HISCO is a major unit of Bermuda-based insurer Hiscox Group.
Standard & Poor's credit analyst Matthew Day said in a statement that the move reflected strong operating performance and expectation "for continued underwriting discipline and robust earnings going forward."
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