“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.
IMA Latest to Sue Howden Over Alleged Employee Poaching 
AM Best: Data Centers Pose Risks Beyond What P/C Industry Has Experienced 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit From This Issue
