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Best’s News & Research Service - June 01, 2017 12:20 PM (EDT)

A.M. Best Withdraws Credit Ratings of Southern Guaranty Insurance Company

  • June 01, 2017 12:20 PM (EDT)

Oldwick //BestWire// - A.M. Best has withdrawn the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Southern Guaranty Insurance Company (SGIC) (Sun Prairie, WI).

SGIC, previously a subsidiary of General Casualty Company of Wisconsin and ultimately QBE Insurance Group Limited, was sold as a clean shell to Premier Servicing, LLC on Mar. 1, 2017. A final rating update will not be completed as the sale has resulted in A.M. Best withdrawing the Credit 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. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source.

Best's Credit Rating Action Press Release Property And Casualty Insurers Subsidiaries Financial Strength Rating Event A.M. Best Rating Services, Inc. Insurance Issuer Credit Rating

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