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A.M. Best Affirms Ratings of Titan Insurance Company Inc., A RRG CONTACTS:
FOR IMMEDIATE RELEASE OLDWICK, N.J., July 6, 2010—A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Titan Insurance Company Inc., A RRG (Titan) (Charleston, SC). The outlook for both ratings is stable. The ratings reflect Titan’s solid capitalization, historically profitable operating results and defined mission of providing claims made based contractual liability insurance coverage to Ethos Group, Inc. (Ethos) and its subsidiaries. Partially offsetting these positive rating factors is
Titan’s exposure to risk concentration since Ethos is Titan’s
exclusive source of business. A.M. Best remains the leading rating agency of captive insurers rating a wide variety of more than 200 captives in the United States and throughout the world. For current Best’s Credit Ratings and independent data on the captive and alternative insurance market, please visit www.ambest.com/captive. 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. ### |
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