A.M. Best Co. announced that it has withdrawn ratings on Denmark’s Tryg-Baltica International Insurance Company A/S and Lloyd’s Syndicate 1243, as they have been placed into run off.
Both companies, who are not related, have been classed as “NR-3” (Rating Procedure Inapplicable).
Tryg-Baltica formerly had a financial strength rating of “B++” (Very Good) and Lloyd’s Syndicate 1243 had a financial strength rating of “A” (Excellent) and an issuer credit rating of “a.”
Topics Excess Surplus Lloyd's
Was this article valuable?
Here are more articles you may enjoy.
Need Wind Mitigation? New Florida Insurer Wants to Help With That 
How Insurers Know When It’s Time to Scale AI 
Trump Says Illegal Immigration Increased Car Insurance but Experts Say Otherwise 
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms 
