A.M. Best Withdraws Credit Ratings of Fireman’s Fund Insurance Company of Ohio

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best has withdrawn the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” of Fireman’s Fund Insurance Company of Ohio (FFOH) (Columbus, OH).

FFOH, previously a subsidiary of Fireman’s Fund Insurance Company and ultimately of Allianz SE, was sold as a clean shell to United Specialty Insurance Company, a wholly owned subsidiary of State National Insurance Company, Inc. on Jan. 1, 2017. The sale has resulted in A.M. Best withdrawing the Credit Ratings (ratings).

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.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.

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A.M. Best

Adrienne Tortoriello

Senior Financial Analyst

+1 908 439 2200, ext. 5088

adrienne.tortoriello@ambest.com

or

Greg Williams

Senior Director

+1 908 439 2200, ext. 5815

greg.williams@ambest.com

or

Christopher Sharkey

Manager, Public Relations

+1 908 439 2200, ext. 5159

christopher.sharkey@ambest.com

or

Jim Peavy

Director, Public Relations

+1 908 439 2200, ext. 5644

james.peavy@ambest.com

Source: A.M. Best