Best Affirms R&SA Ratings
NU Online News Service, Dec. 8, 11:25 a.m. EST?A.M. Best Co. has affirmed its various ratings on the U.K.-based Royal & Sun Alliance Insurance Group plc and pointed out a number of positive developments taking place at the company, including improved capitalization, cost-saving initiatives and enhanced underwriting processes.[@@]
The Oldwick, N.J.-based insurance rater said the affirmed ratings include Royal & Sun Alliance Insurance Group's "A-minus" (Excellent) financial strength rating, as well as "triple-B" and "triple-B-minus" ratings for the insurer's subordinated debt and preferred stock.
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