Research Update: Liberty Mutual Group Inc. and Subsidiaries Ratings Affirmed; Outlook Stable Nov 04
- ID: 1827422
- November 2004
- Standard & Poors
On Nov. 16, 2004, Standard & Poor's Ratings Services affirmed its 'A' counterparty credit and financial strength ratings on Boston-based Liberty Mutual Insurance Co. and related entities (see ratings list). At the same time, Standard & Poor's affirmed its 'BBB' counterparty credit rating on Liberty Mutual Group Inc., the holding company. The outlook on all these companies remains stable. The ratings reflect Liberty's prominent market position, highly diversified business mix, stronger underwriting results, and improving capitalization. However, underwriting performance has not improved to the extent seen by some of Liberty's competitors in the current industry cyclical upswing. Factored into these ratings are Standard & Poor's analysis and conclusions regarding the effect on statutory capital of all retroactive reinsurance contracts in...
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Product Type: Research Update
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