This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

A.M. Best Upgrades Issuer Credit Ratings Of Transatlantic Holdings Inc. And Its Subsidiaries

A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of A (Excellent) of Transatlantic Reinsurance Company (TransRe), Fair American Insurance and Reinsurance Company (both domiciled in New York, NY) and Trans Re Zurich Reinsurance Company Ltd. (Switzerland). The outlook for the FSR is stable, while the outlook for the ICR has been revised to stable from positive.

In addition, A.M. Best has upgraded the ICR to “bbb+” from “bbb” and the debt ratings of Transatlantic Holdings Inc. (Transatlantic Holdings). The outlook for these ratings has been revised to stable from positive.

Concurrently, A.M. Best has revised the outlook to positive from stable and affirmed the FSR of A (Excellent) and ICRs of "a+" of RSUI Indemnity Company and its reinsured subsidiaries, collectively referred to as RSUI Group (RSUI) (headquartered in Atlanta, GA).

A.M. Best also has affirmed the ICR of "bbb+" and debt ratings of "bbb+" of Alleghany Corporation (Alleghany) (headquartered in New York, NY) (NYSE: Y). The outlook for these ratings are stable.

Additionally, A.M. Best has revised the ICRs outlook to stable from positive and affirmed the FSR of A (Excellent) and ICRs of "a" of Capitol Indemnity Corporation, its subsidiary and an affiliate, which operate under a pooling agreement, collectively referred to as Capitol Insurance Group (Capitol) (headquartered in Middleton, WI). The outlook for the FSR is stable.

At the same time, A.M. Best has revised the FSR outlook to positive from stable, the ICR outlook to positive from negative and affirmed the FSR of B++ (Good) and ICR of "bbb+" of Pacific Compensation Insurance Company (Pacific Comp) (headquartered in Agoura Hills, CA). The revised outlook is based on the potential for further explicit support through intercompany reinsurance to Pacific Comp. (See below for a detailed listing of the companies and ratings.)

The ICR upgrades for TransRe recognize the successful completion of the merger with Alleghany and A.M. Best’s expectation that being part of Alleghany will enable TransRe to focus on underwriting opportunities and further enhance its excellent market profile.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs