Farmers Group Subsidiaries Acquired from AIG
Fitch Ratings downgraded to A+ from AA- the insurer financial strength (IFS) ratings of the group of personal lines insurers acquired by Farmers Group Inc. (FGI) from American International Group Inc. (AIG) and subsequently transferred from FGI to the Farmers Exchanges. Fitch also downgraded to BBB+ from A- the $100 million of senior unsecured notes issued by 21st Century Group that were also transferred to the Farmers Exchanges from FGI. Fitch removed all of these ratings from rating watch negative and assigned a negative rating outlook.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access