17 Insurers See Ratings Updates

Ratings Corner, 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.

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