Ratings Recap: OHIC; Hanover; DTRIC

July 5, 2007

A.M. Best Co. has assigned a financial strength rating (FSR) of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Columbus, Ohio-based OHIC Insurance Company Best has also affirmed the FSR of “A-” (Excellent) and assigned ICRs of “a-” to Napa, Calif.-based The Doctors Company Insurance Group (TDCG) and its members, which is led by The Doctors Company, An Interinsurance Exchange. The outlook for all ratings is stable. (See below for a detailed list of the companies and ratings.)

Fitch Ratings announced that the Hanover Insurance Group’s (THG) recently concluded agreement to acquire Professionals Direct, Inc. for $23.2 million won’t impact THG’s current ratings.

A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Honolulu-based DTRIC Insurance Company Limited with a stable outlook.” The ratings reflect DTRIC’s stable capitalization, improvement in operating performance and conservative investment performance,” Best noted.

Was this article valuable?

Here are more articles you may enjoy.