S&P removed from CreditWatch and affirmed the “A-” counterparty credit and FSR for Folksamerica Reinsurance Co. (FRC). The ratings had been registered on CreditWatch with negative implications Jan. 19, 2000. The outlook is negative.
The ratings highlight FRC’s very strong capital rank and modestly good business position as compared to bigger peers in the U.S. reinsurance marketplace. FRC’s ultimate parent is White Mountains Insurance Group Inc.
Topics Reinsurance
Was this article valuable?
Here are more articles you may enjoy.
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
Trump Approves Disaster Requests for at Least 7 States; Others Wait From This Issue
