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FOR IMMEDIATE RELEASE
OLDWICK - JANUARY 26, 2017 12:23 PM (EST)
A.M. Best has withdrawn the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” of Fireman’s Fund Insurance Company of Ohio (FFOH) (Columbus, OH).
FFOH, previously a subsidiary of Fireman’s Fund Insurance Company and ultimately of Allianz SE, was sold as a clean shell to United Specialty Insurance Company, a wholly owned subsidiary of State National Insurance Company, Inc. on Jan. 1, 2017. The sale has resulted in A.M. Best withdrawing the Credit Ratings (ratings).
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.