S&P Announces: Liberty Insurance Holdings Intercompany Pool Members Assigned 'A' Ratings; Outlook Stable.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 1, 2003 On Dec. 1, 2003, Standard & Poor's Ratings Services Ratings Service A company, such as Moody's or Standard & Poor's, that rates various debt and preferred stock issues for safety of payment of principal, interest, or dividends. assigned its 'A' counterparty credit and financial strength ratings to the nine companies that constitute the Liberty Insurance Holdings Intercompany Pool (LIH LiH Lithium Hydride LIH Lihir (Summer Institute of Linguistics language code) LIH Landscape Information Hub LIH Logical Interface Handle (RSVP Message Structure C-Type Fields) LIH Linux India Help Pool, formerly known as the Peerless Intercompany Pool; see ratings list). The rating action reflects the strategic importance of these companies to Liberty Mutual Group Inc. (Liberty Mutual), LIH Pool's historically favorable 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. results, and strong standalone stand·a·lone adj. Self-contained and usually independently operating: a standalone computer terminal. capital adequacy. The LIH Pool constitutes about two-thirds of the revenues of Liberty Mutual's Regional Agency Market (RAM) strategic business unit. RAM in turn constituted about 18% of Liberty Mutual's 2002 consolidated revenues and has been the group's most rapidly growing strategic business unit for the past two years. RAM's premium growth during this period has benefited from the acquisition of a large book of business formerly written by OneBeacon Insurance Co., a subsidiary of White Mountains Insurance Group White Mountains Insurance Group is a holding company with business interests in property and casualty insurance, and reinsurance. The group owns the direct marketing insurer Esurance. External links
LMIC Labor Market Information Center LMIC Livestock Marketing Information Center LMIC Liberty Mutual Insurance Company LMIC Low or Middle-Income Countries LMIC Left Message for Incoming Call ) purchased these companies from Guardian Royal Exchange. The LIH Pool companies are owned by Liberty Insurance Holdings Inc., which in turn is wholly owned by LMIC. Outlook. The outlook on the members of LIH is stable. Going forward, these ratings and the assigned outlook will move in tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem" tandem with the financial strength ratings on the members of the Liberty Mutual Intercompany Pool. Ratings List Peerless Insurance Co. Peerless Indemnity Insurance Co. Indiana Insurance Co. Netherlands Insurance Co. America First Insurance Co. Consolidated Insurance Co. Excelsior Insurance Co. Midwestern Indemnity Co. Hawkeye-Security Insurance Co. Counterparty credit rating A/Stable/-- Financial strength rating A/Stable Complete ratings information is available to subscribers of RatingsDirect, Standard & Poor's Web-based credit analysis system, at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com; under Credit Ratings in the left navigation bar A set of buttons or graphic images typically in a row or column used as a central point that link you to major topic sections on a Web site. If the navigation bar is a single graphic image with multiple selections, it is known as an imagemap. See imagemap. , select Credit Ratings Actions. |
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