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.
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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.