AM Best Downgrades Credit Ratings of Dover Bay Specialty Insurance Company
OLDWICK, N.J., September 29, 2023--AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to "bbb+" (Good) from "a" (Excellent) of Dover Bay Specialty Insurance Company (Dover Bay) (Bloomington, IL). The outlook of the FSR has been revised to stable from negative while the outlook of the Long-Term ICR is negative.