A.M. Best Takes Various Rating Actions on the Zurich Financial Services Group.OLDWICK, N.J. -- A.M. Best Co. has upgraded the issuer credit ratings (ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. ) to "a+" from "a" of Zurich Insurance Company (ZIC ZIC Zinc Finger Protein ZIC Zurich Insurance Company ZIC Zhuhai International Circuit ZIC Zambia Investment Centre ), (Switzerland) and the core subsidiaries of the ZIC. (See the link below for a complete listing of ratings.) At the same time, A.M. Best has affirmed 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) of ZIC and its core subsidiaries. A.M. Best has assigned ICRs of "a" to Zurich Financial Services Zurich Financial Services Group is a major financial services group based in Zurich, Switzerland. Global operations North America The US consumer market is served primarily by Farmers Insurance Group the third largest personal lines property & casualty insurance , (Switzerland), the ultimate holding company of Zurich Financial Services Group (ZFS (1) (Zettabyte File System) A distributed file system from Sun that was added to OpenSolaris in 2005 and Solaris 10 in 2006. With support for 128 bits, compared to 64 for NTFS and other contemporary file systems, storage capacity is unlimited for all practical Group), and Zurich Group Holding, (Switzerland) , the intermediate holding company of the ZFS Group, replacing the ratings of ZFS Group. Concurrently, the ratings of debt instruments issued or guaranteed by companies within the ZFS Group have been affirmed in line with A.M. Best's rating 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. methodology. (See link below to the Best's Rating Center.) The outlook for all ratings remains stable. The ratings reflect the continuing solid financial performance of the ZFS Group and its improving consolidated capital and surplus, despite third quarter 2005 hurricane losses. Operating performance continues to benefit from the ZFS Group's ongoing profit improvement measures which target areas including the underwriting process, claims leakage and operating expenses. For a complete list of Zurich Financial Services Group's FSR, ICR and debt ratings, please visit www.ambest.com/press/020301zurichfinancialservices.pdf. For Best's Debt Ratings, all other Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. 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. |
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