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Article: S&P Affirms Grinnell Mutual Reinsurance 'BBBpi' FSR.
- Article from:
- PR Newswire
- Article date:
- November 17, 2000
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NEW YORK, Nov. 17 /PRNewswire/ --
Standard & Poor's today affirmed its triple-'Bpi' financial strength rating on Grinnell Mutual Reinsurance Co. (Grinnell Mutual).
Key rating factors include extremely strong capitalization that is offset by volatile and marginal returns on revenue.
Based in Grinnell, Iowa, Grinnell Mutual writes reinsurance in Connecticut, Pennsylvania, and Oklahoma and is one of the largest reinsurers of farm property in the U.S. The company also writes automobile and general liability insurance. Business in the company's major states of operations--Iowa, Minnesota, Illinois, Missouri, and North Dakota--constitutes more than ...