Alea North America Insurance Company Included in Unchanged Standard & Poor's Alea Group Rating.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 7, 2002 Alea North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. Insurance Company stated today that the Standard & Poor's Group rating of A-, outlook stable, applicable to the Alea Group of companies has been extended to include Alea North America Insurance Company (formerly Seven Hills Insurance Company). The Alea Group acquired Alea North America Insurance Company from Great American Insurance Company on July 2, 2001. The rating change by Standard & Poor's reflects the change in ownership of the company only and does not reflect any change in rating of the Alea Group itself or any of its subsidiaries. The Alea Group was organized in 1997 by management and an affiliate of KKR KKR Korringa-Kohn-Rostoker (method) KKR Kohlberg, Kravis & Roberts & Co. KKR Kalkara (postal locality, Malta) KKR Kramers-Kronig Relations KKR Komarappa Gounder Ramalingam (hospital in India) to pursue targeted growth and acquisition opportunities in the insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. industry. The Alea Group has offices in Bahrain, Basel, Bermuda, Jersey, Kuala Lumpur Kuala Lumpur (kwä`lə l  m`pr), city (1990 est. pop. , London, New York New York, state, United StatesNew York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Norwalk, Rocky Hill, Singapore, Stockholm, Sydney, Toronto, Tokyo and Tunis. |
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