A.M. Best Co. has assigned a debt rating of “bb+” to the $500 million Class A Series 2007-I variable rate notes (the notes) due May 8, 2010 issued by Longpoint Re Ltd. ,a Cayman Islands exempted company, formed to facilitate debt issues for The Travelers Indemnity Company, a wholly owned subsidiary of The Travelers Companies, Inc. (See also related article above).
A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and issuer credit ratings (ICR) of “aa-” of the Selective Insurance Group and its seven P/C pooling members. Best also affirmed the ICR of “a-”and assigned and affirmed the various debt ratings of Selective’s publicly traded parent holding company, Selective Insurance Group, Inc., with a stable outlook.
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