A.M. Best Assigns Credit Ratings to City National Insurance Company and Independent Specialty Insurance Company
09 Marzo 2017 - 8:51AM
Business Wire
A.M. Best has assigned a Financial Strength Rating (FSR)
of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term
ICR) of “a” to City National Insurance Company (City
National) (Bedford, TX). Concurrently, A.M. Best has assigned an
FSR of A (Excellent) and a Long-Term ICR of “a” to Independent
Specialty Insurance Company (Independent Specialty) (Dover,
DE). The outlook assigned to each FSR is stable, while the outlook
assigned to each Long-Term ICR is positive. These companies are
wholly owned subsidiaries of State National Companies, Inc.
(State National) [NASDAQ:SNC].
The Credit Ratings (ratings) reflect City National’s and
Independent Specialty’s roles as members of the State National
Group. Factors supporting this relationship are common ultimate
ownership and management along with a strategic alignment across
the organization. In addition, explicit support is provided to City
National and Independent Specialty through their participation in
an inter-company pool with the members of the State National
Group.
This press release relates to Credit Ratings that have been
published on A.M. Best’s website. For all rating information
relating to the release and pertinent disclosures, including
details of the office responsible for issuing each of the
individual ratings referenced in this release, please see A.M.
Best’s Recent Rating Activity web page. For
additional information regarding the use and limitations of Credit
Rating opinions, please view Understanding Best’s Credit
Ratings.
A.M. Best is the world’s oldest and most authoritative
insurance rating and information source. For more information,
visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating
Services, Inc. and/or its subsidiaries. ALL RIGHTS
RESERVED.
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version on businesswire.com: http://www.businesswire.com/news/home/20170309005823/en/
A.M. BestRobert RaberSenior Financial
Analyst+1 908 439 2200, ext.
5696robert.raber@ambest.comorGreg
WilliamsSenior Director+1 908 439 2200, ext.
5815greg.williams@ambest.comorChristopher
SharkeyManager, Public Relations+1 908 439 2200, ext.
5159christopher.sharkey@ambest.comorJim
PeavyDirector, Public Relations+1 908 439 2200, ext.
5644james.peavy@ambest.com
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