17 Insurers See Ratings Updates

November 20, 2012

Jennifer Morrell

A.M. Best has placed under review with negative implications the financial strength rating of B (Fair) and issuer credit ratings (ICR) of “bb” of American Service Insurance Co. Inc. and American Country Insurance Co., subsidiaries of Atlas Financial Holdings Inc. (Atlas). These companies operate under an intercompany reinsurance pooling agreement and are collectively referred to as American Service Pool. A.M. Best also has placed under review with negative implications the ICR of “b-” and the debt rating of “ccc” on $18 million, 4.5 percent preferred shares of Atlas.

Get access to this article and thousands more...

All Insurance Networking News articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, e-books, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.

Already Registered?

Free Site Registration