Fitch took rating actions on a group of the American Financial Group Inc. (AFG), a publicly held holding company with subsidiaries which are mainly engaged in selling property/casualty and life insurance and annuities. The following ratings were affirmed: the “A-” senior debt rating of AFG and American Financial Corp.; the “BBB+” subordinated debt rating of American Premier Underwriters Inc.; the “BBB” trust originated preferred securities (TOPrS) rating of American Financial Capital Trust I; and the “AA-” insurer financial strength rating of the Great American Insurance Company Intercompany Pool. The rating outlook is negative.
Was this article valuable?
Here are more articles you may enjoy.
The Big Data/AI ‘Revolution’ Is Driving Up Verdicts, Settlements as Plaintiffs Buy In 
New York Contractor Charged with $160K Workers’ Comp Insurance Fraud 
Aon Raises $13.5 Billion From Bond Sale to Fund USI Takeover 
AIG’s Hancock to Retire as Head of General Insurance From This Issue
