Press Release - MAY 26, 2016
A.M. Best Comments on Ratings of Baldwin & Lyons Group Members Following Appointments of New Senior Executives at Parent
FOR IMMEDIATE RELEASE
OLDWICK - MAY 26, 2016
The ratings remain unchanged because given the current information available, A.M. Best does not foresee short-term pressure on the group’s financial performance or business profile as a result of the events and expects that the activation of the succession plan, although accelerated in its implementation, was part of the ordinary course of business. A.M. Best will continue to monitor the developments and implications of the event, including the outcome of the group’s governance review.
This press release relates to rating(s) 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.
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