Ratings Recap: Rockhill and Subsidaries

A.M. Best Co. has assigned a financial strength rating (FSR) of ‘A-’ (Excellent) and issuer credit ratings (ICR) of “a-” to Rockhill Insurance Group of Phoenix, Ariz. and its four members, who comprise a newly created pool led by Rockhill Insurance Company of Kansas City, Mo. The outlook assigned to all ratings is stable. “These rating actions follow Rockhill’s parent, Rockhill Holdings, recent acquisitions and implementation of an intercompany reinsurance pooling agreement,” said Best. “Rockhill Holdings acquired National Alliance Insurance Company on July 2, 2007 as a clean shell and renamed it, Plaza Insurance Company.” Plaza expands Rockhill’s operations into the U.S. specialty admitted market. On December 17, 2007, Rockhill Holdings completed its acquisition of RTW, Inc. of Bloomington, Minn. “As a result Best said it has withdrawn RTW’s ICR of “bb+”. RTW is the parent holding company of American Compensation Insurance Company, and its wholly owned subsidiary, Bloomington Compensation Insurance Company, which previously comprised the RTW Group. The RTW Group’s FSR of ‘B++’ (Good) and ICRs of “bbb+” with a positive rating outlook have been withdrawn. These ratings were based on the consolidation of ACIC and its reinsured subsidiary, BCIC.”