S&P affirmed its “BBpi” financial strength rating on Van Nuys-based Surety Co. of the Pacific, reflecting the company”s limited business scope, volatile reserve development, and high geographic and product line concentration. Those rating factors were partially offset by the company”s strong capitalization.
Was this article valuable?
Here are more articles you may enjoy.
CopperPoint Insurance to Acquire Surety Specialist General Indemnity Group 
Tampa Bay Rays and Local Officials Announce Tentative $2.3B Deal for New Ballpark 
Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI 
Texans Hate Data Centers So Much They Are Asking Jesus for Help From This Issue
