A.M. Best Co. has affirmed the financial strength rating of “B++” (Very Good) and the issuer credit rating of “bbb” (ICR) of Guernsey based captive insurer Rutland Insurance Limited with a stable outlook.
Subsequently, Best said it has “withdrawn both ratings and assigned an “NR-3″ (Rating procedure inapplicable) following the decision to put the company in run-off due to the disposal of Morrison Construction Services Limited—an affiliate company and Rutland’s sole source of premium income—by Anglian Water Group plc (AWG), the ultimate parent.”
Was this article valuable?
Here are more articles you may enjoy.
Amazon Ignored Its Own Worker Safety Studies, Senate Report Says 
Uber Warns NYC Response to Insolvent Insurer Exposes Drivers 
Here’s a Look at the $100 Billion in Disaster Relief in the Government Spending Bill 
Senate Says Climate Is Driving Insurance Non-renewals; Industry Strikes Back 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.