A.M. Best Withdraws Rating of Beacon Insurance Company of America Due to Merger.

OLDWICK, N.J. -- A.M. Best Co. has withdrawn the financial strength rating (FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current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 assigned a category of NR-5 (Not Formally Followed) to Beacon Insurance Company of America (Beacon).

Beacon had been a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners. of Ohio Farmers Insurance Company (Ohio Farmers) and a fully-reinsured member of Westfield Group The Westfield Group is a multinational company that owns shopping centres in Australia, New Zealand, the United Kingdom, and the United States. Westfield shopping centres are typically branded with the name Westfield or Westfield Shoppingtown in their name. . Effective December 31, 2006, Beacon was merged into Westfield Insurance Westfield Insurance, the primary subsidiary of Westfield Group, is a multi-line provider of business property & liability insurance, personal lines insurance (including auto, homeowner's and specialty), agribusiness insurance, and surety bonds. Company, which is also wholly owned by Ohio Farmers and a pool member of Westfield Group. The FSR of A (Excellent) of Ohio Farmers, Westfield Group and Westfield Insurance Company is unchanged by this transaction. All companies are domiciled in Ohio.

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 The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page. industries, including the banking and insurance sectors. For more information, visit www.ambest.com.

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Publication:	Business Wire
Date:	Feb 23, 2007
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