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The FSR of the core insurance subsidiaries of Citigroup Inc. were raised from “A+” to “A++” by A.M. Best. The rating is applicable to the 20-member Traveler’s property/casualty pool, led by Traveler’s Indemnity Co.; three reinsured affiliates; Traveler’s Casualty and Surety Insurance Co. of America; Traveler’s Insurance Co.; Traveler’s Life and Annuity Co.; and Primerica Life Insurance Co.

A.M. Best also assigned a rating of “aa-” to the senior debt issued by Traveler’s Property and Casualty Corp. and an “A+” rating to the trust preferred securities issued by Travelers P&C Capital I and II, special purpose subsidiaries of Traveler’s Property and Casualty.

Topics Property Casualty