A.M. Best Maintains Under Review With Negative Implications Status for JSC Salem Insurance Company
The Credit Ratings (ratings) have been maintained under review with negative implications following the announcement on
The ratings were first placed under review on
The under review status has been extended due to uncertainty regarding Salem’s business strategy following the discontinuation of compulsory lines business, which was previously central to Salem’s strategy. The negative implications reflect the potential for Salem’s business profile to deteriorate as a result of this change in strategy.
The ratings will remain under review until
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. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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