OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has withdrawn the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Blue Ridge Indemnity Company (BRIN) (Sun Prairie, WI).
BRIN, previously a subsidiary of General Casualty Company of Wisconsin and ultimately QBE Insurance Group Limited, was sold as a clean shell to LOTS Intermediate, Co. on Apr. 1, 2017. A final rating update will not be completed, as the sale has resulted in A.M. Best withdrawing the Credit Ratings (ratings).
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.