A “BBB+” subordinated debt rating was assigned to the 200 million notes, due 2021, issued on March 16 by If Property & Casualty Insurance Ltd. by S&P, which cited I strong financial security characteristics and the deep subordination of the notes as key rating factors. If was established by Storebrand of Norway and Skandia of Sweden.
Was this article valuable?
Here are more articles you may enjoy.
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms 
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles From This Issue
