![]() ![]() The group's ratings reflect its well-integrated operating model, sound capitalization, prudent catastrophe management and broad distribution relationships across various channels. The group requested the withdrawal of Tower Hill Preferred's and Tower Hill Signature's ratings due to its plan to wind down their operations, with existing business renewed into Tower Hill Insurance Exchange. The rated entities are insurance subsidiaries of Tower Hill Insurance Group. and the BBB+ insurance financial strength rating of Tower Hill Insurance Exchange. The rating agency also affirmed the A- insurance financial strength rating of Tower Hill Prime Insurance Co. ![]() Kroll Bond Rating Agency affirmed and subsequently withdrew the BBB+ insurance financial strength ratings of Tower Hill Preferred Insurance Co. The negative outlooks reflect the rating agency's concern regarding the company's continued adverse operating results, which led to a declining balance sheet strength. Best assesses as strong, and its marginal operating performance, limited business profile and marginal enterprise risk management. ![]() Best's interactive rating process.Īrmed Forces Insurance Exchange's ratings reflect its balance sheet strength, which A.M. The rating agency withdrew the ratings following the company's request to no longer participate in A.M. Best affirmed and concurrently withdrew the B+ financial strength rating and the "bbb-" long-term issuer credit rating of Armed Forces Insurance Exchange. The upgrades reflect the group's revised business profile assessment, which benefited from management's ongoing efforts focused on product and geographic diversification, pricing sophistication and data analytics for better risk exposure management.Ī.M. Best assesses as very strong, and its adequate operating performance, neutral business profile and appropriate enterprise risk management. The ratings reflect Celina Insurance Group's balance sheet strength, which A.M. The rating agency also revised the ratings' outlooks to stable from positive. and its affiliate West Virginia Farmers Mutual Insurance Association. Best upgraded the financial strength rating to A from A- and the long-term issuer credit rating to "a" from "a-" of Celina Insurance Group members Celina Mutual Insurance Co., Miami Mutual Insurance Co., National Mutual Insurance Co. The rating also accounts for Enstar's considerable exposure to long-tailed reserves and the potential change to its risk profile due to future acquisitions and capital needs.Ī.M. The rating outlook was stable.Įnstar's rating reflects its strong long-term financial performance driven by net ultimate non-life runoff loss/loss adjustment expenses reserve reductions, as well as its very strong capitalization, continued reasonable financial leverage and solid business franchise. ET will be included in the following day's roundup.įitch Ratings upgraded the long-term issuer default rating to BBB+ from BBB of Enstar Group Ltd. S&P Global Market Intelligence compiles ratings actions in the insurance space daily through 12 a.m. ![]()
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