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.
LA Fire Survivors Got a Rude Surprise That Could Hit More Americans 
Insurtech Lemonade Starts Autonomous Car Product With Tesla’s Data 
20,000 AI Users at Travelers Prep for Innovation 2.0; Claims Call Centers Cut 
Forecasters Warn of ‘Potentially Catastrophic’ Storm From Texas to the Carolinas From This Issue
