Standard & Poor’s Ratings Services affirmed its “BBBpi” counterparty credit and financial strength ratings on Employers Mutual Casualty Co. and related pool members.
S&P also raised its counterparty credit and financial strength ratings on EMC Reinsurance Co. to “BBBpi” from “BBpi.”
The ratings on Employers Mutual Casualty Co. and its pool members reflect the pool’s strong capitalization and well-diversified business, which are partly offset by a weak and volatile operating performance, according to S&P.
The ratings were raised to reflect the company’s good capitalization and operating performance, which are said to have improved markedly in the past few years. The evaluation of the company is on a stand-alone basis.
Was this article valuable?
Here are more articles you may enjoy.
Florida Commissioner Suspends A-Cap’s Atlantic Coast Life Over Surplus Issues 
How Insurers Can Gain the Most Value From Their AI Investments: Accenture 
Lawsuits Allege Six Flags Roller Coaster Caused Traumatic Brain Injuries 
McKinsey Rebukes Partner Who Questioned Challenges Facing Women CEOs From This Issue
