OLDWICK, N.J.--(BUSINESS WIRE)--
A.M. Best Co. has withdrawn the financial strength rating of A
(Excellent) and issuer credit ratings of “a” of AutoOne Select
Insurance Company(AutoOne Select) and AutoOne Insurance Company(AutoOne)
(both domiciled in New York, NY).
These actions reflect the February 22, 2012 acquisition of AutoOne and
AutoOne Select by Interboro Holdings Inc.(Interboro) from OneBeacon
Insurance Group, Ltd. Currently, Interboro is not a
participant in A.M. Best’s interactive ratings analysis.
Prior to the acquisition, AutoOne and AutoOne Select served the
automobile assigned risk markets primarily in New York and New Jersey.
The methodology used in determining these ratings is Best’s Credit
Rating Methodology, which provides a
comprehensive explanation of A.M. Best’s rating process and contains the
different rating criteria employed in the rating process. Best’s Credit
Rating Methodology can be found at www.ambest.com/ratings/methodology.
Founded in 1899, A.M. Best Company is the world's oldest and most
authoritative insurance rating and information source. For more
Copyright © 2012 by A.M. Best Company, Inc.ALL RIGHTS
A.M. Best Co.Brian O’Larte, 908-439-2200, ext. 5138Senior
Marshall, 908-439-2200, ext. 5327Managing Senior Financial
Morrow, 908-439-2200, ext. 5378Senior Manager, Public
Peavy, 908-439-2200, ext. 5644Assistant Vice President,
Source: A.M. Best Co.