A.M. Best Revises Outlook of SUA Insurance Company
February 26 2009 - 12:56PM
Business Wire
A.M. Best Co. has revised the outlook to positive from
stable and affirmed the financial strength rating of B+ (Good) and
issuer credit rating of �bbb-� of SUA Insurance Company
(SUA) (Chicago, IL).
The ratings and outlook reflect SUA�s solid capitalization,
improved underwriting and operating performance and the financial
flexibility afforded to SUA through its publicly traded parent,
Specialty Underwriters� Alliance, Inc. [NASDAQ: SUAI]. The ratings
also recognize SUA�s experienced management team and its prudent
business plan.
Somewhat offsetting these positive rating factors are the
challenges associated with operating a relatively new company, the
successful execution of its business plan, the immaturity of its
book of business and the potential for reserves to develop
differently than expected.
For Best�s Credit Ratings, an overview of the rating process and
rating methodologies, visit www.ambest.com/ratings.
The principal methodologies used in determining these ratings,
including any additional methodologies and factors, which may have
been considered, can be found at
www.ambest.com/ratings/methodology.
Founded in 1899, A.M. Best Company is a global full-service
credit rating organization dedicated to serving the financial and
health care service industries, including insurance companies,
banks, hospitals and health care system providers. For more
information, visit www.ambest.com.
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