A.M. Best Withdraws Rating of ACE Insurance S.A.-N.V. Following Transfer of All Assets and Liabilities to ACE European Group Limited.OLDWICK, N.J. -- A.M. Best Co. has withdrawn the financial strength rating of A (Excellent) of ACE Insurance S.A.-N.V. (Belgium) and has assigned as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. an NR-3 (Rating Procedure Inapplicable in·ap·pli·ca·ble adj. Not applicable: rules inapplicable to day students. in·ap ) following the scheduled transfer of all assets and liabilities from ACE Insurance S.A.-N.V. to ACE European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. Group Limited (United Kingdom). The transfer is in line with the company's announced plans and A.M. Best's expectations. In 2005, all business previously written by ACE S.A.-N.V. will be written by ACE European Group Limited, which currently has a financial strength rating of A (Excellent). 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 http://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 http://www.ambest.com. |
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