AM Best Maintains Under Review With Developing Implications Status for Credit Ratings of Argo Group International Holdings, Ltd. and Its Subsidiaries
AM Best has maintained the under review with developing implications status for the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” (Good) and the associated Long-Term Issue Credit Ratings (Long-Term IR) of Argo Group International Holdings, Ltd. (
The ratings were initially placed under review with developing implications on
The FSR of A- (Excellent) and the Long-Term ICRs of “a-” (Excellent) remain under review with developing implications for Argo Group International Holdings, Ltd.’s operating subsidiaries:
-
Argo Re Ltd. -
Argonaut Great Central Insurance Company -
Argonaut Insurance Company -
Argonaut-Midwest Insurance Company -
ARIS Title Insurance Corporation -
Colony Insurance Company -
Peleus Insurance Company -
Colony Specialty Insurance Company -
Rockwood Casualty Insurance Company -
Somerset Casualty Insurance Company
The following indicative Long-Term IRs available under various shelf registrations remain under review with developing implications:
Argo Group International Holdings, Ltd. —
-- “bbb-” (Good) on senior unsecured debt
-- “bb+” (Fair) on subordinated debt
-- “bb” (Fair) on preferred stock
-- “bbb-” (Good) on senior unsecured debt
-- “bb+” (Fair) on subordinated debt
-- “bb” (Fair) on preferred stock
The following Long-Term IR remains under review with developing implications:
-- “bbb-” (Good) on
This press release relates to Credit Ratings that have been published on AM 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 AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
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Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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Source: AM Best
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