Fitch Ratings has affirmed the “A-” insurer financial strength ratings of Ohio Casualty Group’s intercompany pool members as the parent company’s “BBB-” long-term issuer rating and outstanding debt. The rating outlook is stable, the agency said.
Fitch said in a statement that the ratings reflect Ohio Casualty’s improved operating results, strong capitalization and reasonable financial leverage. Weighted against these positives were significant adverse reserve development for prior years’ losses and a high operating expense ratio relative to peers and the industry.
Was this article valuable?
Here are more articles you may enjoy.
General Contractor Found Not Liable for Subcontractor Employee’s Injury 
Rhine River Shipping Stalls as Water Level Hits Record Low 
Lindberg’s Right-Hand Man Sentenced to Two Years After Cooperating With Prosecutors 
At-Bay to Be Acquired by Munich Re for $575 Million 
