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
TheStreet Open House

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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 17,112.17 +81.03 0.48%
S&P 500 1,996.65 +12.52 0.63%
NASDAQ 4,535.3980 +16.4960 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs