Live Breaking News & Updates on Insurance Company New York
Stay updated with breaking news from Insurance company new york. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Press release content from Business Wire. The AP news staff was not involved in its creation. AM Best Comments on Credit Ratings of ProSight Specialty Group Members Following Acquisition Announcement January 15, 2021 GMT OLDWICK, N.J. (BUSINESS WIRE) Jan 15, 2021 AM Best has commented that the Credit Ratings (ratings) of New York Marine and General Insurance Company (New York, NY) and its wholly owned subsidiaries, Gotham Insurance Company (New York, NY) and Southwest Marine and General Insurance Company (Scottsdale, AZ) (collectively referred to as ProSight Specialty Group) remain unchanged following the announcement that TowerBrook Capital Partners L.P. (TowerBrook) and Further Global Capital Management L.P. (Further Global) have entered a definitive merger agreement under which their affiliates will acquire 100% of the common stock of ProSight Global, Inc. (ProSight Global) (Delaware), which is majority owned by affiliated entities of The Goldman Sa ....
Posted on 9114 AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of New York Marine and General Insurance Company (New York, NY) and its wholly owned subsidiaries, Gotham Insurance Company (New York, NY) and Southwest Marine and General Insurance Company (Scottsdale, AZ) (collectively referred to as ProSight Specialty Group). Concurrently, AM Best has affirmed the Long-Term ICR of “bbb-” of ProSight Global, Inc. (Delaware). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect ProSight Specialty Group’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. ....