A.M. Best Places Ratings of CastlePoint Insurance Company and CastlePoint Holdings, LTD Under Review.OLDWICK, N.J. -- A.M. Best Co. has placed 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) of "a-" of CastlePoint Insurance Company (CPIC CPIC Canadian Police Information Centre CPIC China Pacific Insurance (Group) Co. Ltd. CPIC Capital Planning & Investment Control CPIC Combined Press Information Center CPIC Coalition Press Information Center ) (New York) and CastlePoint Reinsurance Company, Limited (CPRe) (Bermuda) under review with negative implications. A.M. Best has also placed the ICR of "bbb-" of CastlePoint Holdings, LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability (CastlePoint) [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 : CPHL CPHL Central Public Health Laboratory (London, UK) CPHL Central Professional Hockey League CPHL Calgary Puck Hockey League ] (Bermuda) under review with negative implications. These rating actions follow CastlePoint's announcement that CPIC and CPRe will engage in risk sharing agreements with AequiCap Insurance Company and AequiCap Program Administrators, where AequiCap Program Administrators will produce workers' compensation and commercial auto-trucking business. A.M. Best expects to resolve the under review status of each company following a revised analysis of CastlePoint's risk profile and appetite for specialty program business. 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 industries, including the banking and insurance sectors. For more information, visit www.ambest.com. |
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