|
|
Article: A.M. Best Removes from under Review Ratings of Integon Specialty; Now Named Maiden Specialty Insurance Company.
- Article from:
- Health & Beauty Close-Up
- Article date:
- September 15, 2009
CopyrightCOPYRIGHT 2009 Close-Up Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of "a-" of Integon Specialty Insurance Company (Integon Specialty), which was subsequently renamed, Maiden Specialty Insurance Company (MSIC) (both of Winston-Salem, NC).
These affirmations follow receipt of the approved intercompany quota share reinsurance agreement between MSIC and its affiliate, Maiden Reinsurance Company (MRC) (Maryland Heights, MO). The outlook assigned to the ratings is stable.
On September 1, Integon Specialty's was purchased by Maiden Holdings, Ltd. (Maiden ...