S&P removed from CreditWatch and affirmed the “A-” counterparty credit and FSR for Folksamerica Reinsurance Co. (FRC). The ratings had been registered on CreditWatch with negative implications Jan. 19, 2000. The outlook is negative.
The ratings highlight FRC’s very strong capital rank and modestly good business position as compared to bigger peers in the U.S. reinsurance marketplace. FRC’s ultimate parent is White Mountains Insurance Group Inc.
Topics Reinsurance
Was this article valuable?
Here are more articles you may enjoy.
A-Cap Insurers Agree to Mediation in Rehab Dispute with SCDOI Director 
Florida AG Sues Roofing Firm After Dozens of Complaints About Unfinished Work 
Florida Agents Appointed With Citizens Drops as Carrier Competition Grows 
Full Senate Passes Measure to Reauthorize Federal Terrorism Insurance Backstop From This Issue
