RLI downgraded to A by S&P on lower capital adequacy
RLI’s operating subsidiaries have had their issuer credit (ICR) and financial strength ratings (FSR) dropped one notch to A from A+ by S&P as the agency said growth in capital needed to support asset risk and underwriting exposure outpaced growth in total adjusted capital (TAC).
If you are a subscriber, please sign back in to read this article
If you are not currently a subscriber please see contact details below