Published:
A.M. Best Affirms and Withdraws Ratings of New Technology Insurance
OLDWICK, N.J. - (BUSINESS WIRE) - A.M. Best Co. has affirmed the financial strength rating (FSR) of
"A-" (Excellent) and the issuer credit rating (ICR) of "a-" of New
Technology Insurance (NTI) (Ireland). The outlook for both ratings
is stable. Concurrently, A.M. Best has withdrawn the ratings at the
company's request and assigned a category "NR-4" to the FSR and "nr" to
the ICR. The rating actions reflect the decisions of NTI's management to
withdraw from A.M. Best's interactive rating process following a change
of focus towards more intra-group business.
For Best's Credit Ratings, an overview of the rating process and rating
methodologies, please visit www.ambest.com/ratings.
The principal methodologies used in determining these ratings, including
any additional methodologies and factors that 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.
A.M. Best Company
Analysts
Timothy Prince, +(44) 20 7626 6264
timothy.prince@ambest.com
or
Mahesh
Mistry, +(44) 20 7626 6264
mahesh.mistry@ambest.com
or
Public
Relations
Jim Peavy, +(1) 908 439 2200, ext. 5644
james.peavy@ambest.com
or
Rachelle
Morrow, +(1) 908 439 2200, ext. 5378
rachelle.morrow@ambest.com
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