A.M. Best Co. has withdrawn the financial strength rating of A (Excellent) and issuer credit rating of "a" of OneBeacon Lloyd's of Texas (OneBeacon Lloyd's) (Addison, TX) due to the dissolution of the company effective June 30, 2011.
All assets and liabilities of the company were transferred into its immediate parent, OneBeacon American Insurance Company (Canton, MA).
The principal methodology used in determining these ratings is Best's Credit Rating Methodology -- Global Life and Non-Life Insurance Edition, which provides a comprehensive explanation of A.M. Best's rating process and highlights the different rating criteria employed. Additional key criteria utilized include: "Risk
Management and the Rating Process for Insurance Companies" and "Rating Members of Insurance Groups." Methodologies can be found at www.ambest.com/ratings/methodology.
Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visitwww.ambest.com.
Copyright © 2011 by A.M. Best Company, Inc.ALL RIGHTS RESERVED.
Contacts:
A.M. Best Co.
Brian O'Larte, 908-439-2200, ext. 5138
Senior
Financial Analyst
brian.o'larte@ambest.com
or
Michelle
Baurkot, ARe, ARM, 908-439-2200, ext. 5507
Assistant Vice
President
michelle.baurkot@ambest.com
or
Carole
Lovell, 908-439-2200, ext. 5445
Public Relations Associate
carole.lovell@ambest.com
or
Jim
Peavy, 908-439-2200, ext. 5644
Assistant Vice President,
Public Relations
james.peavy@ambest.com
