“AA” counterparty credit ratings and FSRs were assigned to the operating companies of St. Paul Fire & Marine Insurance (SPFM) by S&P, which indicated that the rating actions reflect the support of SPFM and its wholly owned subsidiary, United States Fidelity & Guaranty Co. (USF&G).
The newly rated companies are: Discover Specialty; Seaboard Surety Co.; Fidelity & Guaranty Ins. Underwriters Inc.; Fidelity & Guaranty Ins. Co.; USF&G Ins. Co. of Mississippi; USF&G Ins. Co. of Wisconsin; and USF&G Specialty Ins. Co.
The first two companies listed are members of the St. Paul Fire & Marine Ins. Co. Intercompany Pool. The other companies are 100 percent reinsured by USF&G, the obligations of which are fully guaranteed by SPFM. The outlook is stable.
Was this article valuable?
Here are more articles you may enjoy.
Tornado Alley’s on the Move and Creating New Risk Concerns, Modeler Says 
Seven People Charged in $100M Workers’ Compensation Fraud Operation in Florida 
A Landmark Supreme Court Ruling Is Upending How America Moves Its Goods 
US Ready to ‘Take Any Actions Necessary’ to Fight EU ESG Rules From This Issue
