Standard & Poor’s announced that it has withdrawn its double-‘B’-minus counterparty credit and financial strength ratings on Empire Insurance Co., Allcity Insurance Co., and Centurion Insurance Co., the members of the Empire Insurance Intercompany Pool (Empire).
“These ratings were withdrawn at the request of company management. Empire is in the process of a complete and orderly liquidation of all the group’s operations,” said S&P’s announcement.
It added that, “Empire — though still part of Leucadia National Corp., which will continue to be rated — will no longer be subject to continuous surveillance by Standard & Poor’s.”|”snp, withdraws, ratings, on, empire, group
Was this article valuable?
Here are more articles you may enjoy.
Stellantis Tells Owners of 1.3 Million Jeeps to Park Outside Over Fire Concerns 
Judge Won’t Bend on $256M Defamation/RICO Verdict Against Human Rights Lawyer 
Climate Change, Pollution Push Oceans to Tipping Point, UN Report Says 
Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them 
