Ratings

PHICO Group Downgraded

The financial strength rating of The PHICO Group, Mechanicsburg, Pa., has been downgraded to “B” (Fair) from “B++” (Very Good)...

Financial Pacific Affirmed

Financial Pacific Insurance Group announced that A.M. Best affirmed a rating of “A-” for its principal operating subsidiary Financial Pacific...

Independent Lowered

S&P lowered its counterparty credit and insurer FSR for U.K.-based insurer Independent Insurance Co. Ltd. to “BB” from “BBB+.” S&P...

AIG Affirmed

Fitch affirmed the ratings of American International Group Inc. (AIG) and its insurance subsidiaries. The ratings are supported by AIG’s...

SAFECO Affirmed

A.M. Best Co. affirmed the “A” FSRs of SAFECO Corporation’s property/casualty and life/health subsidiaries and removed all ratings from under...

ART Assigned Rating

Zurich-based Allianz Risk Transfer (ART) received an “AA” financial enhancement rating (FER) from S&P. The rating was the first FER...

Merchants Affirmed

Fitch affirmed its “A-” insurer FSR of Merchants Mutual Insurance Company, a Buffalo, N.Y.-based mutual property/casualty insurer; and Merchants Insurance...

AEGIS Affirmed, Outlook Negative

Fitch affirmed the “AA-” insurer FSR of Associated Electric & Gas Insurance Services Limited (AEGIS) and changed the rating outlook...

Colonial Penn Prop Lowered

S&P lowered its FSR and counterparty credit rating on Colonial Penn Insurance Co., Colonial Penn Franklin Insurance Co., Colonial Penn...

Iron Trades Upgraded

Iron Trades Insurance Co. had its long-term counterparty credit and insurer FSR raised by to “A+” from “A-.” The outlook...

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