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Article: A.M. Best Affirms Ratings of Connaught Insurance Company Limited.
- Article from:
- Business Wire
- Article date:
- November 6, 2009
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OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of B+ (Good) and the issuer credit rating (ICR) of "bbb-" of Connaught Insurance Company Limited (Connaught) (Guernsey), the captive insurance company of Thomas Greg and Sons Limited (TG&S), a printing and security specialist. The outlook for the ratings is stable.
The ratings reflect Connaught's adequate level of risk-adjusted capitalisation in addition to an historically good operating performance. Offsetting factors include a potentially volatile underwriting performance and a restricted business profile.
A.M. Best anticipates that Connaught will maintain an adequate level of ...