A.M. Best Co. announced that it has placed the financial strength rating of “A-” (Excellent) of Ireland’s Carraig Insurance Limited under review with negative implications.
Best said its decision follows “the announcement of the takeover of its parent, Aventis S.A., by Sanofi-Synth猫labo, a French pharmaceutical group. The under review status reflects the uncertainty of Carraig’s position in the newly formed group”
Best said it expects to resolve the under review status following detailed discussions with Carraig’s management.
Was this article valuable?
Here are more articles you may enjoy.
Space Startups Seek Insurance for Orbital AI Data Centers 
Trump Says Illegal Immigration Increased Car Insurance but Experts Say Otherwise 
Big I: Independent Agencies’ Market Share Up Slightly in 2025 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
