AM Best downgrades Safepoint to C++ and withdraws rating

AM Best has downgraded Florida carrier Safepoint Insurance Company’s financial strength rating to C++ (Marginal) from B- (Fair) as it pointed to capital erosion at its parent, and withdrawn the rating at the company’s request.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Andy Stone

Sales manager

+44 (0) 77 4160 9204

andy.stone@wbmediagroup.com

    Ricky Lamey

    Business development executive

    ricky.lamey@thomsonreuters.com