A.M. Best Affirms Ratings of SUA Insurance Company
March 30 2007 - 9:49AM
Business Wire
A.M. Best Co. has affirmed the financial strength rating of B+
(Good) and the issuer credit rating of �bbb-� of SUA Insurance
Company (SUA) (Chicago, IL). The outlook for both ratings is
stable. The ratings reflect SUA�s good capitalization, improved
earnings during 2006 and the financial flexibility afforded SUA
through its publicly traded parent, Specialty Underwriters�
Alliance, Inc. [NASD: SUAI]. The ratings also recognize the
significant experience of the company�s management team and SUA�s
planned diversification of specialty product offerings. Offsetting
these positive rating factors are the significant challenges and
uncertainties associated with a newly formed start-up company,
including the successful execution of its business plan. For Best�s
Ratings, an overview of the rating process and rating
methodologies, please visit www.ambest.com/ratings. Founded in
1899, A.M. Best Company is a full-service credit rating
organization dedicated to serving the financial services
industries, including the banking and insurance sectors. For more
information, visit www.ambest.com.
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