A.M. Best Co. has withdrawn the financial strength rating of A (Excellent) and issuer credit rating of “a” of First Trenton Indemnity Company (First Trenton) (Parsippany, NJ) following its merger into an affiliate company, The Travelers Indemnity Company (Hartford, CT), a subsidiary of The Travelers Companies, Inc. (TRV) (headquartered in New York, NY)(NYSE:TRV) on October 1, 2013. The ratings of TRV and its property/casualty subsidiaries are unaffected by this transaction.
The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
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