A.M. Best Affirms Ratings of SCOR U.S. Group and its Members; Removes Ratings From Under Review.OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating (FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current applications. Every open window takes some space in this area. See Windows memory limitation. ) of A- (Excellent) and issuer credit ratings (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 "a-" of SCOR SCOR Scientific Committee on Oceanic Research SCOR Supply Chain Operations Reference model SCOR Small Corporate Offering Registration SCOR Specialized Center of Research (White Plains, NY) SCOR Second Cousin Once Removed U.S. Group (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY) and its members. All ratings have been removed from under review with negative implications and assigned a stable outlook. (See below for a detailed listing of the companies and ratings.) In May 2007, SCOR (France), the parent of SCOR U.S. Group, announced its intention to acquire Converium AG (Switzerland). At that time, the ratings of SCOR and SCOR U.S. Group were placed under review with negative implications. The acquisition has concluded, and all ratings have been removed from under review. The affirmation of the ratings reflects SCOR U.S. Group's strong risk-adjusted capital position, well-managed run off and the explicit support that SCOR has historically provided with respect to its U.S. operations. SCOR U.S. Group and its members are strategically important to SCOR, and A.M. Best anticipates that the parent will continue to support the SCOR U.S. Group going forward. The FSR of A- (Excellent) and the ICRs of "a-" have been affirmed for SCOR U.S. Group and its following members: * SCOR Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Company * General Security Indemnity Company of Arizona For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries, including the banking and insurance sectors. For more information, visit www.ambest.com. |
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