S&P Lowers Ratings on Hannover Re’s U.S. Subs May 22, 2006 Email This Subscribe to Newsletter Email to a friend Facebook Tweet LinkedIn Print Article Article 2 Comments May 22, 2006 at 7:44 am Tim239 says: Like or Dislike: 0 0Does this mean Praetorian will go to B+ on AM Best? If so, it could be pretty devistating to that old Clarendon business. Reply May 22, 2006 at 2:11 am Clarendon G.A. says: Like or Dislike: 0 0Praetorian will remain an A-. In fact, it will probably improve fairly quickly. Most of the specialty programs coming from Clarendon require A paper. B paper is worthless for most of them. Praetorian has a clean balance sheet and $600M. Reply Add a Comment Cancel reply Your email address will not be published. Required fields are marked * Name * Email * Comment ΔNotify me of comments via e-mail
Does this mean Praetorian will go to B+ on AM Best? If so, it could be pretty devistating to that old Clarendon business.
Praetorian will remain an A-. In fact, it will probably improve fairly quickly. Most of the specialty programs coming from Clarendon require A paper. B paper is worthless for most of them. Praetorian has a clean balance sheet and $600M.