Standard & Poor’s Ratings Services announced it has affirmed its “Bbpi” counterparty credit and financial strength ratings of Hanover Fire and Casualty Insurance Co. of Plymouth Meeting, Pa.
According to S&P’s analyst Alan Koerber, Hanover’s ratings correspond to its small capital base, limited scope of operation, and unstable reserve development. The company writes fire and burglary and theft insurance, operating in Pennsylvania, Illinois, and Washington D.C.
Topics Casualty
Was this article valuable?
Here are more articles you may enjoy.
Oaktree’s Deal to Buy A-Cap Insurer Crumbles, Spawning New Talks 
Isaias: 47,000 Claims and $582M in Losses in Florida So Far, OIR Reports 
Chubb Q3 Net Income Down Slightly on More Catastrophe Losses 
Storm Austen Will Be Stronger Than Forecast Along UK Coasts 
