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Hadron Specialty Insurance Enters UK with Acquisition of Folgate Insurance Company

Hadron Specialty Insurance Enters UK with Acquisition of Folgate Insurance Company
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Hadron Specialty Insurance Enters UK with Acquisition o...

Hadron Specialty Insurance Enters UK with Acquisition o...
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AM Best Revises Issuer Credit Rating Outlook to Stable for Folgate Insurance Company Limited

AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed Financial Strength Rating (FSR) of B (Fair) and the Long-Term ICR of "bb+" ....

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AM Best Revises Issuer Credit Rating Outlook to Stable for Folgate Insurance Company Limited

AM Best Revises Issuer Credit Rating Outlook to Stable for Folgate Insurance Company Limited
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AM Best Revises Issuer Credit Rating Outlook to Negative for Folgate Insurance Company Limited - Press Release

AM Best Revises Issuer Credit Rating Outlook to Negative for Folgate Insurance Company Limited
LONDON (Business Wire)
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term ICR of “bb+” of Folgate Insurance Company Limited (Folgate) (United Kingdom). The outlook of the FSR is stable.
The Credit Ratings (ratings) reflect Folgate’s balance sheet strength, which AM Best categorises as adequate, as well as its adequate operating performance, very limited business profile and appropriate enterprise risk management.
The revision of the Long-Term ICR outlook to negative reflects pressures on the company s balance sheet strength assessment stemming from deteriorating risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR). ....

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