|[June 27, 2014]
A.M. Best Places Ratings of Imperial Fire and Casualty Insurance Company Under Review With Positive Implications
OLDWICK, N.J. --(Business Wire)--
A.M. Best has placed under review with positive implications the
financial strength rating (FSR) of B+ (Good) and the issuer credit
rating (ICR) of "bbb-" of Imperial Fire and Casualty Insurance
Company (Imperial) (Opelousas, LA).
The under review with positive implications status follows the recent
announcement that National General Holdings Corp. (NGHC)
(Winston-Salem, NC) has purchased Imperial, National Automotive
Insurance Company and the business assets of Imperial Management
The positive implications also reflect the FSR of A- (Excellent) and the
ICR of "a-" of Integon National Insurance Company (Integon), the
lead company of the National General Group, and the addition of
Imperial to the affiliated pool agreement of Integon.
NGHC is a licensed property/casalty writer offering personal auto,
recreational vehicle, motorcycle, commercial auto and other lines.
Imperial is a licensed property/casualty writer, domiciled in Louisiana
primarily offering private passenger non-standard auto in Louisiana,
Florida and Texas.
The ratings will remain under review until A.M. Best has the opportunity
to evaluate Imperial under the new parent company and fully analyze its
future business plans, as well as its overall risk-adjusted
The methodology used in determining 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
[ Back To TMCnet.com's Homepage ]