NU Online News Service, Dec, 29, 10:47 a.m. EST
A.M. Best Co. has placed Clarendon Insurance Group and its member companies under review with negative implications.
The Oldwick, N.J.-based insurance rating service has placed the "A-minus (Excellent)" financial strength rating under review after the insurer announced that its parent company, Hannover Re, planned to sell the operating companies of Clarendon to Enstar Group Ltd.
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