Fitch Withdraws Q-IFS Rating of Hermitage Insurance.CHICAGO -- Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. has withdrawn the 'BBBq' quantitative insurer financial strength (Q-IFS) rating on Hermitage Hermitage, museum, St. Petersburg, Russia Hermitage (ĕr'mētäzh`), museum in St. Petersburg, Russia, one of the world's foremost houses of art. It was reconstructed in the neoclassical style in the 19th cent. Insurance Company as the company does not meet Fitch's criteria to be eligible to receive a Q-IFS rating. For more information on Fitch's Q-IFS ratings, visit the Fitch Ratings web site www.fitchratings.com. A copy of the criteria report, 'Quantitative Insurer Financial Strength Ratings Methodology: U.S. Property/Casualty Insurers' dated Nov. 3, 2005, is available under 'Insurance' and 'Criteria Reports'. The following rating is withdrawn by Fitch: Hermitage Insurance Company (NAIC NAIC See National Association of Investors Corporation (NAIC). Code 18376) --Quantitative insurer financial strength 'BBBq'. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion