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Article: United States : AM Best Upgrades Ratings of Southern Mutual Insurance Company.
- Article from:
- TendersInfo
- Article date:
- November 9, 2009
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Byline: datta03
A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and issuer credit rating to a from a- of Southern Mutual Insurance Company (Southern) (Athens, GA). The ratings have been removed from under review with positive implications and assigned a stable outlook.
The ratings were placed under review with positive implications on September 10, 2009 following the announcement of the affiliation between Southern and Donegal Mutual Insurance Company (Donegal). The affiliation received the approval of the Commissioner of Insurance for the State of Georgia on October 28, 2009.
The rating upgrades ...