Frontier Insurance Group, Inc. Announces Rating Upgrade for Subsidiary, Lyndon Property Insurance Company.ROCK HILL, N.Y.--(BUSINESS WIRE)--Aug. 4, 1998--Frontier Insurance Group, Inc. (Frontier) (NYSE-FTR) announces the notification by A.M. Best that Lyndon Property Insurance Company (Lyndon Property), has been upgraded from a "B++" (Very Good) rating to an "A-" (Excellent). The upgrade restores Lyndon's rating to what it was prior to rating bureau concerns pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to its previous parent company. Lyndon Property is the flagship company of Frontier subsidiary, Lyndon Insurance Group, and is predominantly a specialty credit property and casualty insurer. The Lyndon Group also markets credit life and accident and health products through its life subsidiaries, Lyndon Life Insurance Company, Gulfco Life Insurance Company and Acceleration Life Insurance Company. A.M. Best reports, "The upgrade reflects the stabilization of the company's business production sources in the year following its acquisition by Frontier Insurance Group, the refocusing Noun 1. refocusing - focusing again focalisation, focalization, focusing - the act of bringing into focus of its operations on core credit products, and sustained profitability throughout the turmoil of multiple changes in ownership... Moreover, Lyndon's strong reputation in the credit insurance market has enabled it to secure strong strategic relationships with various financial institutions, general agencies and other insurers... The company's excellent capitalization and strong underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. expertise, as evidenced by consistently favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. operating results in its niche credit insurance market, also support the `A-' rating." President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Frontier, Harry Rhulen, states, "We are pleased that A.M. Best has recognized Lyndon with an excellent rating. We look forward to further acknowledgment acknowledgment, in law, formal declaration or admission by a person who executed an instrument (e.g., a will or a deed) that the instrument is his. The acknowledgment is made before a court, a notary public, or any other authorized person. of Frontier's unique marketing strategy, strategic positioning, and our ongoing commitment to improve the ratings of all the companies in the Frontier Group." Frontier is an insurance holding company, which through its subsidiaries, is a national underwriter and creator of specialty insurance products serving the needs of insureds in niche markets A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. .
CONTACT: Roland Anderson, President,
Lyndon Insurance Group,
1-800-950-6060, ext. 5280
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