Here’s What Industry Insiders Say About Farmers Insurance St Century – Farmers Insurance St Century

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has aloof the Financial Strength Appraisement of A (Excellent) and the Long-Term Issuer Acclaim Appraisement of “a” of 21st Century Preferred Allowance Aggregation (21st Century) (Harrisburg, PA). At the time of the withdrawal, these Acclaim Ratings (ratings) were beneath analysis with abrogating implications.

AM Best has aloof these ratings as 21st Century is not a risk-bearing entity, nor is it allotment of any reinsurance or pooling acceding that would accreditation appraisement abutment from addition entity. AM Best currently does not conduct ratings on non-risk-bearing entities. If 21st Century were to become a risk-bearing entity, the aggregation would potentially be acceptable to participate in AM Best’s alternate appraisement process.

AM Best placed the ratings beneath analysis with abrogating implications on Sept. 19, 2019, afterward the advertisement that 21st Century was to be acquired by Trisura Group Ltd. (Trisura). The antecedent beneath analysis with abrogating implications cachet was apprenticed by the appraisement differentials amid Trisura and 21st Century’s antecedent owner, Farmers Allowance Group. The accretion auspiciously bankrupt on Nov. 1, 2019.

This columnist absolution relates to Acclaim Ratings that accept been appear on AM Best’s website. For all appraisement advice apropos to the absolution and pertinent disclosures, including capacity of the appointment amenable for arising anniversary of the alone ratings referenced in this release, amuse see AM Best’s Recent Appraisement Activity web page. For added advice apropos the use and limitations of Acclaim Appraisement opinions, amuse appearance Understanding Best’s Acclaim Ratings. For advice on the able media use of Best’s Acclaim Ratings and AM Best columnist releases, amuse appearance Guide for Media – Able Use of Best’s Acclaim Ratings and AM Best Appraisement Action Columnist Releases.

AM Best is a all-around acclaim appraisement agency, account administrator and abstracts provider specializing in the allowance industry. The aggregation does business in added than 100 countries. Headquartered in Oldwick, NJ, AM Best has offices in cities about the world, including London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For added information, appointment www.ambest.com.

Copyright © 2019 by A.M. Best Appraisement Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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