A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A” (Excellent) and the issuer credit ratings (ICR) of “a” of the Liberty Northwest Insurance Corporation, North Pacific Insurance Company and Oregon Automobile Insurance Company, each of which have joined the Liberty Insurance Holdings pool as 100 percent reinsured affiliates. Additionally, the FSR for the former Liberty Northwest Group has been changed to NR-5 (Not Formally Followed). “During 2006, the Liberty Northwest operations comprised of Liberty Northwest Insurance Corp., North Pacific Insurance Company and Oregon Automobile Insurance Company were absorbed into the Liberty Insurance Holdings pool,” Best explained.
A.M. Best Co. has affirmed the financial strength ratings (FSR), issuer credit ratings (ICR) and debt ratings of Hartford Conn.-based Aetna Inc. and its life/health insurance and HMO subsidiaries. The outlook for all ratings is stable. Best said the ratings reflect the life/health and HMO companies’ “positive operating results, good organic membership growth and solid risk-based capitalization levels.”
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and assigned an issuer credit rating (ICR) of “a” to New York-based TNUS Insurance Company with a stable outlook. The ratings reflect TNUS’ strong risk-adjusted capitalization, good overall profitability, excellent liquidity and extensive parental support of its ultimate parent, Japan’s Tokio Marine & Nichido Fire, Ltd. Best indicated that TNUS plans to focus on servicing and supporting the insurance needs of Tokio Marine’s and Nichido’s “clients in the United States.”
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