Colorado Casualty Insurance Co. Placed on S&PWatch Pos.NEW YORK--(BUSINESS WIRE)--S&P's CreditWire 8/13/98--Standard & Poor's today placed its single-'A'-plus insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. financial strength and counterparty Counterparty The other participant, including intermediaries, in a swap or contract. credit ratings of Colorado Colorado, state, United States Colorado (kŏlərăd`ə, –răd`ō, –rä`dō), state, W central United States, one of the Rocky Mt. states. Casualty Insurance Co., which is currently owned by Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. National Insurance Co. on CreditWatch with positive implications. The CreditWatch placement follows the announcement by Orion Capital Corp., parent of the Guaranty National Corp., that it has entered into a definitive agreement with Liberty Mutual Group, to sell Colorado Casualty Insurance Co. Colorado Casualty Insurance Co. produced approximately $50 million of premium in 1997 and predominantly pre·dom·i·nant adj. 1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant. 2. focuses on standard commercial accounts in rural markets. Business generated by Colorado Casualty Insurance Co. is currently reinsured 100% by Guaranty National Insurance Co., which has a financial strength rating of single-'A'-plus. The CreditWatch reflects the intention of the acquirer, Liberty Mutual Group, to place Colorado Casualty in its Liberty Mutual intercompany pool, whose members have a financial strength rating of double-'A'.--CreditWire
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