Best’s News & Research Service - March 31, 2022 12:38 PM (EDT)
AM Best Withdraws Credit Ratings of Digital Edge Insurance Company and Digital Affect Insurance Company
- March 31, 2022 12:38 PM (EDT)
Oldwick //BestWire// - AM Best has withdrawn the Financial Strength Ratings (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of Digital Edge Insurance Company and Digital Affect Insurance Company (both headquartered in Burlington, VT). These Credit Ratings (ratings) had stable outlooks. The ratings were withdrawn upon notification from the companies that they are now shell companies that do not bear insurance risk. Therefore, no final rating action has been taken.
This press release relates to Credit Ratings that have been published on AM 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 AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.