A.M. Best Withdraws Credit Ratings of United National Specialty Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best has withdrawn the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of United National Specialty Insurance Company (United National Specialty) (Milwaukee, WI). On May 20, 2016, A.M. Best had placed these ratings under review with developing implications.

United National Specialty, previously a subsidiary of Diamond State Insurance Company, was sold as a clean shell to State National Companies, Inc. on Oct. 1, 2016. The sale has resulted in A.M. Best withdrawing the 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 © 2016 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.

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A.M. Best

Robert Raber
Senior Financial Analyst

+1 908 439 2200, ext. 5696

[email protected]

or

Greg Williams
Senior Director

+1 908 439 2200, ext. 5815

[email protected]

or

Christopher Sharkey
Manager, Public Relations

+1 908 439 2200, ext. 5159

[email protected]

or

Jim Peavy
Director, Public Relations

+1 908 439 2200, ext. 5644

[email protected]

Source: A.M. Best