Research Update: Liberty Mutual Group Inc. and Subsidiaries Ratings Affirmed; Outlook Stable Nov 04

  • ID: 1827422
  • November 2004
  • Standard & Poors
1 of 3

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...

Action: Affirmed

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

Note: Product cover images may vary from those shown
2 of 3

Liberty Mutual Group Inc.,Liberty Mutual Insurance Co.,Liberty Mutual Fire Insurance Co.,Liberty Insurance Corp.,Employers Insurance Co. of Wausau,Wausau General Insurance Co.,Wausau Underwriters Insurance Co.,Wausau Business Insurance Co.,First Liberty Insurance Corp.,LM Insurance Corp.,LM Property & Casualty Insurance Co.,Liberty Life Assurance Co. of Boston,Liberty Insurance Underwriters Inc.,America First Insurance Co.,Peerless Indemnity Insurance Co.,Colorado Casualty Insurance Co.,Consolidated Insurance Co.,Excelsior Insurance Co.,Indiana Insurance Co.,Liberty Personal Insurance Co.,Liberty Mutual Mid-Atlantic Insurance Co.,Midwestern Indemnity Co. ,Montgomery Indemnity Co.,Montgomery Mutual Insurance Co.,Netherlands Insurance Co. ,Peerless Insurance Co.,Hawkeye-Security Insurance Co.,Bridgefield Casualty Insurance Co.,Liberty Insurance Co. of America,Liberty Mutual Insurance Europe Ltd.,Golden Eagle Insurance Corp.,Liberty Surplus Insurance Corp.,Bridgefield Employers Insurance Co.

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown




Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer Inc.