A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a” of St. Louis-based Safety National Group and its members, Safety National Casualty Corporation and Safety First Insurance Company of Chicago. The outlook for the ratings is stable. “The ratings reflect the group’s generally strong operating performance, the capital support received from the parent, Delphi Financial Group, Inc., and solid market presence within the excess workers’ compensation market,” said Best.
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We have significant concerns that the proposed merger of Harleysville Mutual with and into Nationwide Mutual Insurance Company… may be disadvantageous to the policyholders and members of Harleysville Mutual.
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