A.M. Best Co. announced that it has placed the financial strength rating of “A” (Excellent) of U.K.-based Zurich Specialties London Limited (ZSL) under review with negative implications.
Best explained that it had taken the action in order to “reassess ZSL’s strategic importance to its ultimate parent, Zurich Financial Services Group (ZFS) (Switzerland), and review ZSL’s reinsurance protection for 2005 once the programme has been finalised.”
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