Printer Friendly
The Free Library
19,573,952 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

A.M. Best Revises Outlook to Positive for Greenville Casualty 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 (Fair) and issuer credit rating of "bb+" of Greenville Casualty Insurance Company (Greenville) (Greer, SC). The outlook for both ratings has been revised to positive from stable.

The rating affirmations reflect Greenville's premium volatility, historically elevated expense structure and product and geographic concentrations, which are characteristics of its limited business profile. However, these rating factors are partially offset by Greenville's low underwriting Underwriting

1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).

2. The process of issuing insurance policies.
 leverage, favorable fa·vor·a·ble  
adj.
1. Advantageous; helpful: favorable winds.

2. Encouraging; propitious: a favorable diagnosis.

3.
 loss experience and highly liquid balance sheet.

The positive outlook reflects A.M. Best's expectation that Greenville's improved operating results and level of capitalization will continue to trend favorably fa·vor·a·ble  
adj.
1. Advantageous; helpful: favorable winds.

2. Encouraging; propitious: a favorable diagnosis.

3.
 as management implements its gradual product and geographic expansion.

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.
COPYRIGHT 2008 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 25, 2008
Words:176
Previous Article:Charles & Colvard Announces Date of Annual Meeting.
Next Article:Superior Essex Receives Credit Rating Upgrade from Standard & Poor's.
Topics:



Related Articles
A.M. Best Affirms Rating of Affirmative Insurance Group and Assigns Issuer Credit Ratings; Revises Outlook to Positive.
A.M. Best Affirms Ratings of American Southern Group, Association Casualty Insurance Company and Georgia Casualty & Surety Company.
A.M. Best Places Ratings of Georgia Casualty & Surety Company Under Review; Comments on Association Casualty Insurance Company.
A.M. Best Revises Outlook to Positive on All Ratings of Harleysville Mutual Insurance Company and Its Subsidiaries.
A.M. Best Upgrades Issuer Credit Rating of Golden Bear Insurance Company; Revises Outlook to Positive.
A.M. Best Revises Outlook to Stable of American National Insurance Company; Upgrades Farm Family P/C Affiliates.
A.M. Best Affirms Ratings of American European Insurance Group; Upgrades Ratings of Rutgers Casualty Insurance Company.
A.M. Best Revises Ratings Outlook to Negative from Stable on Hanover Fire and Casualty Insurance Company.
A.M. Best Affirms Ratings of The Hanover Insurance Group, Inc.
A.M. Best Upgrades Ratings of ECM Insurance Group and Its Member; Revises Outlook to Positive.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles