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/PRNewswire/ Core Specialty Insurance Holdings, Inc. and its subsidiaries ("Core Specialty" or the "Company") is pleased to announce to its brokers a new.
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CINCINNATI, Dec. 23, 2020 /PRNewswire/ Core Specialty Insurance Holdings, Inc. ( Core Specialty or the Company ) announced today that AM Best has removed from under review with developing implications and affirmed the Financial Strength Ratings of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- of StarStone Specialty Insurance Company and StarStone National Insurance Company. The outlook assigned to these Credit Ratings is stable.
Jeff Consolino, President and Chief Executive Officer of Core Specialty commented Core Specialty completed the recapitalization of StarStone U.S. Holdings, Inc. on November 30, 2020, bringing pro forma Shareholders Equity to over $900 million. We are pleased that AM Best has removed its under review status and affirmed the ratings of our two insurance operating subsidiaries.