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Article: A.M. Best Revises the Under Review Implications Status for Several Members of GMAC Insurance Group.
- Article from:
- Health & Beauty Close-Up
- Article date:
- October 28, 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)
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A.M. Best Co. has revised the under review implications status to positive from developing for the financial strength ratings (FSR) of B++ (Good) and issuer credit ratings (ICR) of "bbb" of several members of GMAC Insurance Group (GMACI) (Southfield, MI).
These rating actions are based on the announcement that a definitive agreement has been reached for the purchase of certain members (see company list below) of GMACI by the newly-formed American Capital Acquisition Corp., which is partially-owned by AmTrust Financial Services, Inc. (New York, NY) (NASDAQ: AFSI).
The under review implications status for the listed members was revised based upon their ...