|[July 02, 2014]
A.M. Best Withdraws Ratings of AmFed National Insurance Company and AmFed Casualty Insurance Company
OLDWICK, N.J. --(Business Wire)--
A.M. Best has withdrawn the financial strength ratings of A
(Excellent) and the issuer credit ratings of "a" of AmFed National
Insurance Company and AmFed Casualty Insurance Company (AmFed
Companies) (both domiciled in Ridgeland, MS).
The recent sale of the AmFed Companies to AmFed Holding Company, LLC,
which currently does not participate in A.M. Best's interactive rating
process, severs the rating services provided by A.M. Best. Therefore,
the associated ratings have been withdrawn for administrative purposes.
The methodology used in determinig these ratings is Best's Credit
Rating Methodology, which provides a comprehensive explanation of A.M.
Best's rating process and contains the different rating criteria
employed in the rating process. Best's Credit Rating Methodology can be
found at www.ambest.com/ratings/methodology.
A.M. Best Company is the world's oldest and most authoritative
insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2014 by A.M. Best Company, Inc. ALL RIGHTS
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