A “B++” FSR was assigned to First Beacon Insurance Company, Burlington, Vt., by A.M. Best. Cited as major rating factors were the company’s favorable operating results, secure capitalization, sound liquidity and strategic role as a captive subsidiary of Lucent Technologies. First Beacon insures various global property/casualty risks of Lucent and its subsidiaries, and has also generated significant new business for the parent as a provider of creditor-placed insurance programs to financial institutions.
Was this article valuable?
Here are more articles you may enjoy.
Former CEO of Nonprofit P/C Statistical Agent Sentenced for Stealing Millions 
Head of EEOC Urges White Men to Report Discrimination 
Fire Damages Portland, Maine’s Historic Waterfront 
South Texas Homebuilders Warn ICE Arrests Have Upended Industry From This Issue
