A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and the issuer credit rating (ICR) of “a” of the UK’s Brit Insurance Limited (BIL) Best also affirmed the ICR of “bbb” of Brit Insurance Holdings PLC (BIH), BIL’s ultimate parent company, as well as the “bbb-” ratings of the $15 million floating rate subordinated notes, the £19.7 million [$39.9 million] unsecured loan stock and the £150 million [$303.8 million] fixed rate subordinated notes issued by BIH. The outlook for all ratings remains stable.
Source: A.M. Best
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