A.M. Best Downgrades Rating of Tryg-Baltica Insurance, International Insurance Company A/S.OLDWICK, N.J. -- A.M. Best Co. has downgraded the financial strength rating to B++ (Very Good) from A- (Excellent) of Tryg-Baltica Insurance, International Insurance Company A/S (TBI TBI 1. Thyroxine-binding index 2. Total body irradiation ) (Denmark Denmark (dĕn`märk), Dan. Danmark, officially Kingdom of Denmark, kingdom (2005 est. pop. 5,432,000), 16,629 sq mi (43,069 sq km), N Europe. ) and has placed the rating under review with negative implications. These actions reflect today's announcement that TBI's parent company, Tryg Forsikring A/S (Denmark) (a Tryg Vesta Vesta, in astronomy Vesta (vĕs`tə), in astronomy, fourth asteroid to be discovered. It was found in 1807 by H. Olbers. It is the third largest asteroid, with a diameter of c.326 mi (525 km). Its average distance from the sun is 2. Group company), has agreed to sell the company to Sirius Sirius (sĭr`ēəs), or Dog Star, brightest star in the sky. It is located in the constellation Canis Major (1992 position R.A. 6h44.8m, Dec. International Insurance Corporation (Sweden) and that it will be placed into run off following completion of the sale. A.M. Best is discussing the implications of the sale with the management of TBI and Sirius and anticipates resolving the under review status of the rating once the sale agreement is closed (anticipated before the end of October). For current 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. , independent data and analysis on more than 3,000 individual property/casualty companies, groups and industry composites, please visit http://www.ambest.com/pc. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at http://www.ambest.com. |
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