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A.M. Best Withdraws Ratings of Safeway Property Insurance Company


CONTACTS:

Kimberly Muccia
Financial Analyst
(908) 439-2200, ext. 5731
kimberly.muccia@ambest.com

Brian O’Larte
Senior Financial Analyst
(908) 439-2200, ext. 5138
brian.o’larte@ambest.com

Christopher Sharkey
Manager, Public Relations
(908) 439-2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Assistant Vice President, Public Relations
(908) 439-2200, ext. 5644
james.peavy@ambest.com

FOR IMMEDIATE RELEASE

OLDWICK - SEPTEMBER 02, 2015 08:36 AM (EDT)
A.M. Best has withdrawn the financial strength rating of B (Fair) and the issuer credit rating of "bb+" of Safeway Property Insurance Company (Safeway Property) (Westmont, IL).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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AMB# Company Name
010672 Florida Specialty Insurance Company