AM Finest retains Accredited scores below evaluation after Onex purchase – Insurance coverage Age

0
26
AM Finest retains Accredited scores below evaluation after Onex purchase – Insurance coverage Age

AM Finest has maintained the below evaluation standing of fronting enterprise Accredited after the sale to Onex Companions final week.

The scores consultants first put Accredited, which has A- (glorious) scores for each monetary energy and long-term issuer credit score, below evaluation in October.

This got here as earlier proprietor R&Q confirmed a conditional settlement with Canadian funding enterprise Onex to promote the enterprise.

Final month, because the turmoil continued across the $465m (£382.7m) deal, AM Finest saved Accredited’s scores unchanged and left the below evaluation standing in place.

The transaction accomplished final week with the brand new proprietor

Solely customers who’ve a paid subscription or are a part of a company subscription are capable of print or copy content material.

To entry these choices, together with all different subscription advantages, please contact info@insuranceage.co.uk.

LEAVE A REPLY

Please enter your comment!
Please enter your name here