A.M. Best Places Rating of Tryg-Baltica Insurance, International Under Review; Withdraws Rating of Tryg-Baltica International - UK -.Business Editors OLDWICK, N.J.--(BUSINESS WIRE)--Sept. 4, 2003 A.M. Best Co. has placed the financial strength rating of A-(Excellent) of Tryg-Baltica Insurance, International Insurance Company A/S (TBI TBI 1. Thyroxine-binding index 2. Total body irradiation ), Denmark, under review with negative implications following the decision by its ultimate parent, Tryg Vesta Group, to discontinue dis·con·tin·ue v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues v.tr. 1. To stop doing or providing (something); end or abandon: the business in TBI's UK-based subsidiary, Tryg-Baltica International (UK) Ltd. TBI will continue its international treaty 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. activities. At the same time, A.M. Best has withdrawn the financial strength rating of A- (Excellent) of Tryg-Baltica International (UK) Ltd and assigned it an NR-3 (Rating Procedure Inapplicable in·ap·pli·ca·ble adj. Not applicable: rules inapplicable to day students. in·ap ). 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 www.ambest.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion