A.M. Best Affirms And Withdraws Rating of Atrium Underwriting plc.OLDWICK, N.J. -- A.M. Best Co. has affirmed the issuer credit rating (ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. ) of "bbb+" of Atrium Underwriting plc (Atrium) (United Kingdom). This action removes the under review status of the rating that was applied when the takeover offer of Ariel Holdings Limited (Bermuda) was announced in July 2007. Subsequently, has withdrawn Atrium's rating following the delisting Delisting When the stock of a company is removed from a stock exchange. Notes: Reasons for delisting include violating regulations and/or failure to meet financial specifications set out by the stock exchange. of the company's ordinary shares from the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. plc. For Best's Ratings Best's rating A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders. , an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com. |
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