The FSR of PMA Capital Insurance Co. was changed from ‘A+’ to ‘A’ by A.M. Best, which noted that the change reflects near-term implications of the reinsurer’s corporate realignment and recent deterioration in profitability. However, A.M. Best indicated that positive implications of the restructuring were also taken into account. The realignment involved the subsidiaries of PMA Capital Corp; the holding company of PMA Reinsurance Corp., afterwards renamed PMA Capital Insurance Co.; PMA Insurance Group; and Caliber One Indemnity Co.
Was this article valuable?
Here are more articles you may enjoy.
70% of Drivers Say They’ve Felt Unfairly Judged by Auto Insurers: Arity Report 
NFIP Reauthorized With Passage of Funding Bill to End Government Shutdown 
Viewpoint: Beware the Rise in Unproven ‘Brittleness Test’ for Roof Shingle Claims 
Cyberattack Cripples Asahi Operations, Lifts Rival Brewers From This Issue
