A.M. Best Co. has placed the financial strength rating of A (Excellent) of Temple Insurance Company (Temple) (Toronto) under review with negative implications, in line with Muenchener Rueckversicherungs-Gesellschaft (Munich Re) (Germany), following the announcement that Munich Re was reviewing the reserve position of its U.S. subsidiary, American Re Corporation Group (Wilmington, Del.).
Temple’s published rating was recently affirmed on June 24, 2005, based on the stand-alone analysis of its financial position. The affirmation recognizes Temple’s excellent risk-adjusted capitalization on a stand-alone basis and historically favorable earnings.
However, given that Temple’s current published rating reflects partially the rating enhancement from its affiliation with Munich Re, its rating will remain under review until the rating issues concerning its ultimate parent are resolved.
Topics Trends
Was this article valuable?
Here are more articles you may enjoy.
USAA Not Done With Dividends: Florida Reforms Prompt $500M Payout 
Oil Tankers Go Dark to Sneak More Barrels of Oil Through Hormuz 
MMA Alleges Broker Patriot Poached 11 Surety Team Members 
Impeachment Sought on Federal Judge Over Sex in Chambers, Lying to Investigators 
