OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has removed from under review with positive implications and affirmed the financial strength rating (FSR) of B++ (Good) and issuer credit rating (ICR) of “bbb” of Connecticut Life & Casualty Insurance Company (Connecticut Life & Casualty) (Meriden, CT). The outlook assigned to the ratings is positive.Concurrently, A. M. Best has withdrawn the ratings and assigned a category NR-5 (Not Formally Followed) to the FSR and an “nr” to the ICR, due to the merger of Connecticut Life & Casualty into Response Worldwide Insurance Company (Meriden, CT), a member of Response Insurance Group (Response) (Delaware).
Connecticut Life & Casualty was a member of the Response pool of companies, whose A.M. Best ratings are currently under review with positive implications pending the finalization of a reinsurance agreement with Trinity Universal Insurance Company (Dallas, TX), a subsidiary of Response’s current ultimate parent, Unitrin Inc. (Chicago, IL) [NYSE:UTR}.
For Best’s Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.
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