A.M. Best Withdraws Ratings of First Trenton Indemnity Company Due to Merger With An Affiliated Comp
A.M. Best Withdraws Ratings of First Trenton Indemnity Company Due to Merger With An Affiliated Company
OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has withdrawn the financial strength rating of A (Excellent) and issuer credit rating of "a" of First Trenton Indemnity Company (First Trenton) (Parsippany, NJ)following its merger into an affiliate company, TheTravelers Indemnity Company (Hartford, CT), a subsidiary of The Travelers Companies, Inc. (TRV) (headquartered in New York, NY) (NYS: TRV) on October 1, 2013. The ratings of TRV and its property/casualty subsidiaries are unaffected by this transaction.
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 © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.
A.M. Best Co.
Michael Russo, 908-439-2200, ext. 5372
Senior Financial Analyst
Michael Lagomarsino, CFA,908-439-2200, ext. 5810
Assistant Vice President
Rachelle Morrow, 908-439-2200, ext. 5378
Senior Manager, Public Relations
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
KEYWORDS: United States Europe North America Connecticut New Jersey New York
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