AM Best affirms Travelers Companies ratings
AM Best has affirmed the financial strength ratings (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa” of Travelers, its property/casualty members and affiliate, Travelers Casualty and Surety Company of America (TCSA) and TCSA’s affiliate, Travelers Casualty and Surety Company of Europe (TCSCE).
Additionally, AM Best affirmed the ICR and senior debt ratings of "a" of The Travelers Companies. The outlook for these ratings is stable.
AM Best also revised the outlook to positive from stable and affirmed the ICR of "aa-" and the FSR of A+ (Superior) of Travelers Guarantee Company of Canada. The outlook for the FSR is stable.
AM Best also has affirmed the FSR of A (Excellent) and ICR of "a+" of The Premier Insurance Company of Massachusetts, and the FSR of A (Excellent) and ICR of "a" of First Trenton Indemnity Company. In addition, AM Best has affirmed the FSR of A- (Excellent) and ICR of "a-"of First Floridian Auto and Home Insurance Company. The outlook for these ratings is stable.
According to AM Best, the ratings of Travelers reflect its strong risk-adjusted capitalisation, favorable operating and underwriting results, proactive and comprehensive risk management, dominant market profile in commercial and personal (largely distributed through independent agents) lines and quality management team.
The ratings also acknowledge Travelers' underwriting and financial discipline, relatively conservative investment portfolio, geographic and product diversification and enhanced technology and internal information systems, which have improved its underwriting effectiveness and ability to service agents and customers in both commercial and personal lines.
The effectiveness of Travelers' enterprise risk management program was also noted.
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