A.M. Best Co. has affirmed the financial strength rating (FSR) of “A++” (Superior) and issuer credit ratings (ICR) of “aa+” for the property/casualty group, The Cincinnati Insurance Companies (CIC) and its the members. Best also affirmed the ICR of “aa-” and the senior debt ratings of Cincinnati Financial Corporation (CINF). Concurrently, Best affirmed the FSR of “A+” (Superior) and ICR of “aa-” for The Cincinnati Life Insurance Company. The outlook for all ratings is stable.
Fitch Ratings has upgraded its Issuer Default Rating (IDR) on The Travelers Companies, Inc. to “A+” from “A” and its ratings on Travelers senior unsecured notes and subordinated notes to “A” and “A-” respectively. Fitch also upgraded its insurer financial strength (IFS) ratings on Travelers insurance company subsidiaries to “AA” from “AA-,” and assigned all of the ratings a stable outlook.
Standard & Poor’s Ratings Services has assigned its ‘BBB’ preferred stock rating to StanCorp Financial Group Inc.’s junior subordinated issue of fixed-to-floating-rate income capital obligation notes (ICONs), which are due in 2067.
Was this article valuable?
Here are more articles you may enjoy.
Hot Sauce Company Sues Manufacturer Over Exploding Bottles 
Florida Board Drafting Rules That Could Stem Bogus Engineering Reports in Claims 
Longtime Alabama Dentist Charged With Insurance Fraud in 2025 Office Explosion 
LA Fire Survivors Got a Rude Surprise That Could Hit More Americans 
