The “BBBpi” financial strength rating on Virginia Mutual Insurance Co. was affirmed by S&P. Cited as a key rating factor was the company”s strong capital. This was offset by both its geographical concentration with a gross exposure to catastrophes and erratic profitability. The company was rated on a stand-alone basis.
Topics Virginia
Was this article valuable?
Here are more articles you may enjoy.
The Great Modern Train Robbery: Thieves Steal $200 Million a Year 
At-Bay to Be Acquired by Munich Re for $575 Million 
UnitedHealth Investor Suit Alleges Security, Governance Lapses 
Seven People Charged in $100M Workers’ Compensation Fraud Operation in Florida From This Issue
