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UNITED CAPITOL'S A.M. BEST RATING IS UPGRADED

 CHICAGO, July 6 /PRNewswire/ -- Capsure Holdings Corp. (NYSE: CSH) announced today that its subsidiary, United Capitol Insurance Co., has received an A (Excellent) rating from A.M. Best Co. Inc. United Capitol received its first letter rating, an A (Excellent), in May 1991.
 "We are very pleased by this upgrade in United Capitol's rating by A.M. Best. It is a recognition of the strength of United Capitol's balance sheet, low operating leverage and superior track record of profitability," said Bruce A. Esselborn, president of Capsure.
 Western Surety Co., another Capsure subsidiary, had its A+ (Superior) rating reaffirmed.
 Capsure, an acquisition company, is involved in specialty property and casualty insurance, through United Capitol Insurance Co. and Western Surety Co. United Capitol conducts business principally as an excess and surplus lines insurer in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Western Surety Co., a leading writer of small fidelity and non-contract surety bonds, is licensed in all 50 states and the District of Columbia.
 -0- 7/6/93
 /CONTACT: Kirk Brewer, or Susan Obuchowski, 312-466-4010, for Equity Group Investments/
 (CSH)


CO: Capsure Holdings Corp., United Capitol Insurance Co. ST: Illinois IN: INS SU: RTG

LD -- NY070 -- 8844 07/06/93 18:51 EDT
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Publication:PR Newswire
Date:Jul 6, 1993
Words:210
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