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AM Best Downgrades Credit Ratings Of Tower Hill Prime Insurance Company – InsuranceNewsNet

AM Best has downgraded the Financial Strength Rating to B+ from B++ and the Long-Term Issuer Credit Rating to“ bbb-” from“ bbb” of Tower Hill Prime Insurance Company. Furthermore, Tower Hill Prime, as is typical of Florida property writers and their risk exposure, has elevated gross underwriting leverage reflective of its reinsurance programs. In response to recent. ....

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