A.M. Best Co. has affirmed the financial strength rating of “B++” (Very Good) and the issuer credit rating of “bbb” (ICR) of Guernsey based captive insurer Rutland Insurance Limited with a stable outlook.
Subsequently, Best said it has “withdrawn both ratings and assigned an “NR-3″ (Rating procedure inapplicable) following the decision to put the company in run-off due to the disposal of Morrison Construction Services Limited—an affiliate company and Rutland’s sole source of premium income—by Anglian Water Group plc (AWG), the ultimate parent.”
Was this article valuable?
Here are more articles you may enjoy.
Aon Acquires USI Insurance From KKR in $17 Billion Deal Targeting Middle Market 
Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention 
FBI Investigating Possible Exposure of Millions of American IDs 
Russian-Speaking Cybercriminals Used SpaceX’s Cursor AI Tool to Hack 7 Companies 
