The “AApi” FSR on Halcyon Insurance Co. was affirmed by S&P, which cited the company’s participation in a reinsurance agreement with affiliate, Progressive Casualty Insurance Co., as the basis for the rating. Headquartered in Ohio, and licensed in 31 states and the District of Columbia, Halcyon mainly writes private passenger auto. Three-quarters of the company’s total revenue is derived from Oregon, Nevada, Washington, Ohio and Kentucky.
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