A.M. Best Affirms Ratings of SUA Insurance Company.OLDWICK, N.J. -- A.M. Best Co. has affirmed af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. the financial strength rating of B+ (Good) and the issuer credit rating of "bbb-" of SUA See Subsystem for UNIX-based Applications. Insurance Company (SUA) (Chicago, IL). The outlook for both ratings is stable. The ratings reflect SUA's solid capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. , improved earnings in each of the last two years and the financial flexibility afforded SUA through its publicly traded parent, Specialty Underwriters' Alliance, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SUAI). The ratings also recognize the significant experience of SUA's management team and its planned diversification of specialty product offerings. Offsetting these positive rating factors are the challenges and uncertainties associated with a company in only its third year of operations, including the successful execution of its business plan. 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion