These Credit Rating (rating) actions follow the recent announcement that
The under review with positive implications status reflects the potential financial and operational benefits that will be derived from Endurance being a significant operation within a larger, higher-rated organization. The ratings will remain under review pending the completion of the transaction and review by
The FSR of A (Excellent) and the Long-Term ICRs of “a” have been placed under review with positive implications for
Endurance Assurance Corporation
Endurance Worldwide Insurance Limited
Endurance American Specialty Insurance Company
American Insurance Company
Endurance Risk Solutions Assurance Co.
American Agri-Business Insurance Company
The following Long-Term IRs of
The following indicative shelf ratings have been placed under review with positive implications for debt securities available under the existing shelf registration for
--“bbb” on senior unsecured debt
--“bbb-”on subordinated debt
--“bb+” on preferred stock
Endurance Holdings Capital Trust I & II (guaranteed by
--“bb+” on preferred securities
This press release relates to Credit Ratings 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 see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
Copyright © 2016 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
+1 908 439 2200, ext. 5326
+1 908 439 2200, ext. 5224
Manager, Public Relations
+1 908 439 2200, ext. 5159
Director, Public Relations
+1 908 439 2200, ext. 5644