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
Was this article valuable?
Here are more articles you may enjoy.
Need Wind Mitigation? New Florida Insurer Wants to Help With That 
DeSantis Signs Citizens Commercial Clearinghouse Bill That’s Been Called ‘Unneeded’ 
Trump Says Illegal Immigration Increased Car Insurance but Experts Say Otherwise 
How Insurers Know When It’s Time to Scale AI From This Issue
