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Bob Podolski Jim Peavy
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Joseph Burtone Rachelle Morrow
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A.M. Best Upgrades Issuer Credit Rating of
Unique Insurance Company
OLDWICK, N.J., Nov. 2, 2009—A.M. Best Co. has upgraded the issuer credit rating (ICR) to “bb+” from “bb” and affirmed the financial strength rating (FSR) of B (Fair) of Unique Insurance Company (Unique) (Chicago, IL). The outlook for both ratings is stable.
The upgrading of Unique’s ICR reflects its consistently favorable operating results and surplus growth. The company’s FSR recognizes its elevated expense and underwriting leverage ratios and concentration of risk in Illinois, writing non-standard automobile insurance. The outlook is based on the long-term consistency of Unique’s operating results.
The upgrading of Unique’s ICR reflects its consistently favorable operating results and surplus growth. The company’s FSR recognizes its elevated expense and underwriting leverage ratios and concentration of risk in Illinois, writing non-standard automobile insurance. The outlook is based on the long-term consistency of Unique’s operating results.
For Best’s Credit Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.
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.
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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