AM Best Withdraws Credit Ratings of Associated Indemnity Corporation
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AM Best has withdrawn the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa” of Associated Indemnity Corporation. Effective Jan. 1, 2022, WCF National Insurance Company completed its acquisition of AIC from Fireman’ s Fund Insurance Company. Under the terms of the transaction, Fireman’ s Fund Insurance Company will reinsure and...
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Texas Mutual Insurance Company. The revision of Texas Mutual’ s outlooks to positive reflects its superior market position in the workers’ compensation segment in Texas, which is demonstrated by an average...