Ratings: SeaBright, Park, Zenith
A.M. Best Co. Affirmed the financial strength Rating (FSR) of “A-” (Excellent) and the creditworthiness of the issuer (ICR) of “A-” Chicago-based SeaBright Insurance Company (SBIC) Best ICR reaffirmed the “Bbb — “From the holding company SBIC, Delaware-based SeaBright Insurance Holdings, Inc. (SIH). The outlook for all ratings is stable. “The ratings reflect the strength of capital through contributions from SIH SBIC, in addition to the undistributed profits efficiently in the activities in recent years, its place as a priority a range of special plastics, providers of Multi - jurisdictional workers accident insurance and the experience of team management, “said Best.
A.M. Best Co. Has a financial strength rating of “B +” (Good), and a rating of the issuer “bbb” in New York’s Park-Versicherungs-Gesellschaft stable with a breathtaking view. “The assessments are based on the park is good capitalization, a strong management team with niche markets, expertise and strong collaboration with the agents and accounts,” says Best. “Partly for in these positive factors middle of the hotel are the limits of the geographical scope of the operational and volatility in the context of the entry into service of the company. Park is writing a book deficit of the company and is compatible with the accounts, “he wrote. Park offers commercial automobile and general liability coverage of the event by the base for the accounts of the Business Mix concrete face.”
A.M. Best Co. Affirmed the financial strength Rating (FSR) of “A” (Excellent) and issuers of credit (ICR) of “a” of Zenith National-Versicherungs-group and its members, Zenith Insurance Company (Zenith) and ZNAT Insurance Company (ZNAT), a wholly owned subsidiary of Zenith. Best reiterated the ICR of “bbb” in the category of parents, Zenith National Insurance Corporation. Zenith ZNAT and operate as subsidiaries of Zenith National. The above ratings are based on the consolidated operating performance and financial condition of ZNAT and Zenith. In addition, reaffirmed the highest rating of the debt “BB +” to $ 58.35 million 8.55 per cent of the capital securities, which expired 2028 Zenith National Insurance Capital Trust I. The debt rating of “bbb” to $ 1.15 million. 5.75 percent Convertible Unsecured Senior Notes due 2023 of Zenith National, was withdrawn, as all remaining tickets were converted, as the 31st March 2008. All companies have their headquarters in Woodland Hills, California, and the outlook for all ratings is stable. “The ratings reflect Zenith’s excellent capitalization, strong operating performance and the disciplined underwriting policy approach that has always an important year accident loss of relationship advantage for the group as part of their principal place, the employee” compensation ” Best face. ” The group also benefits from the financial flexibility of the National Zenith, access to capital is needed. “