25.07.2016, 17:25
A.M. Best Affirms Ratings of The Travelers Companies
OREANDA-NEWS. A.M. Best has affirmed the financial strength rating (FSR) of A++ (Superior) and the issuer credit ratings (ICR) of “aa+” of the property/casualty subsidiaries of The Travelers Companies, Inc. (TRV) (headquartered in New York, NY) [NYSE: TRV], collectively known as Travelers Group (Travelers). In addition, A.M. Best has also affirmed the FSR of A++ (Superior) and the ICR of “aa+” of Travelers Casualty and Surety Company of America (TCSA) (Hartford, CT), and TCSA’s affiliates, Travelers Casualty and Surety Company of Europe Limited (TCSCE) (United Kingdom) and Travelers Insurance Company of Canada (TICC) (Ontario).
Concurrently, A.M. Best has affirmed the ICR and senior issue ratings of “a+” of TRV and its two wholly owned downstream holding companies, Travelers Property Casualty Corp. and Travelers Insurance Group Holdings Inc. (both headquartered in Hartford, CT). All outstanding securities issued by the two downstream holding companies are guaranteed by TRV. All other issue ratings guaranteed by TRV and TRV’s indicative issue ratings have also been affirmed. The outlook for each of the above ratings is stable.
A.M. Best also has affirmed the FSR of A (Excellent) and the ICR of “a” of The Dominion of Canada General Insurance Company (Dominion) (Toronto Ontario, Canada). The outlook for each of these ratings is stable.
A.M. Best also has affirmed the FSR of A (Excellent) and the ICR of “a+” of The Premier Insurance Company of Massachusetts (Premier) (Hartford, CT) and the FSR of A- (Excellent) and the ICR of “a-” of First Floridian Auto and Home Insurance Company (First Floridian) (Tampa, FL). The outlook for each of these ratings is stable. (Please see link below for a detailed listing of the companies and ratings.)
The rating affirmations reflect Travelers’ solid risk-adjusted capitalization, trend of favorable operating and underwriting results, excellent market profile in commercial and personal lines (largely distributed through independent agents) and effective management team. The ratings also acknowledge Travelers’ proactive and comprehensive risk management, underwriting and financial discipline, relatively conservative investment portfolio, geographic and product diversification, and enhanced technology and internal information systems, which have improved its underwriting effectiveness and ability to service agents and customers in both commercial and personal lines. In addition, Travelers’ superior product breadth, industry leading data and analytics and leading position within its distribution network have enabled it to report a trend of strong earnings that have outperformed the majority of its peers over time.
Concurrently, A.M. Best has affirmed the ICR and senior issue ratings of “a+” of TRV and its two wholly owned downstream holding companies, Travelers Property Casualty Corp. and Travelers Insurance Group Holdings Inc. (both headquartered in Hartford, CT). All outstanding securities issued by the two downstream holding companies are guaranteed by TRV. All other issue ratings guaranteed by TRV and TRV’s indicative issue ratings have also been affirmed. The outlook for each of the above ratings is stable.
A.M. Best also has affirmed the FSR of A (Excellent) and the ICR of “a” of The Dominion of Canada General Insurance Company (Dominion) (Toronto Ontario, Canada). The outlook for each of these ratings is stable.
A.M. Best also has affirmed the FSR of A (Excellent) and the ICR of “a+” of The Premier Insurance Company of Massachusetts (Premier) (Hartford, CT) and the FSR of A- (Excellent) and the ICR of “a-” of First Floridian Auto and Home Insurance Company (First Floridian) (Tampa, FL). The outlook for each of these ratings is stable. (Please see link below for a detailed listing of the companies and ratings.)
The rating affirmations reflect Travelers’ solid risk-adjusted capitalization, trend of favorable operating and underwriting results, excellent market profile in commercial and personal lines (largely distributed through independent agents) and effective management team. The ratings also acknowledge Travelers’ proactive and comprehensive risk management, underwriting and financial discipline, relatively conservative investment portfolio, geographic and product diversification, and enhanced technology and internal information systems, which have improved its underwriting effectiveness and ability to service agents and customers in both commercial and personal lines. In addition, Travelers’ superior product breadth, industry leading data and analytics and leading position within its distribution network have enabled it to report a trend of strong earnings that have outperformed the majority of its peers over time.
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