Best’s News & Research Service - September 02, 2015 08:37 AM (EDT)
A.M. Best Withdraws Ratings of Safeway Property Insurance Company
- September 02, 2015 08:37 AM (EDT)
Oldwick //BestWire// - A.M. Best has withdrawn the financial strength rating of B (Fair) and the issuer credit rating of "bb+" of Safeway Property Insurance Company (Safeway Property) (Westmont, IL).
The rating actions follow the close of Florida Specialty Holdings LLC's acquisition of Safeway Property and the uncertainty of the strategic plan of the new ownership, as well as the conclusion of A.M. Best's review.
This press release relates to rating(s) that have been published on A.M. Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please visit A.M. Best's Ratings & Criteria Center.
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