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A.M. Best Assigns Credit Ratings to C&F Cayman SPC

October 1, 2018

OLDWICK, N.J.--(BUSINESS WIRE)--Oct 1, 2018--A.M. Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to C&F Cayman SPC (Cayman Islands). The outlook assigned to these Credit Ratings (ratings) is stable.

The ratings reflect C&F Cayman SPC’s balance sheet strength, which A.M. Best categorizes as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

The rating actions follow the execution of a reinsurance quota share agreement with United States Fire Insurance Company (USFIC) under which it will assume 100% of the business written by C&F Cayman SPC. C&F Cayman SPC is a wholly owned subsidiary of USFIC and operates as a segregated portfolio company consisting of a core entity and segregated portfolios.

USFIC is the lead company of the Crum & Forster Insurance Group, which provides a range of commercial coverages throughout the United States. C&F Cayman SPC has been added as a member of that group, based on the explicit financial support of USFIC through the reinsurance agreement and other implicit support.

This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s web page. For additional information regarding the use and limitations of Credit Rating opinions, please view . For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view .

A.M. Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit for more information.

Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181001005950/en/

CONTACT: A.M. Best

Darian Ryan, CPA

+1 908 439 2200, ext. 5449

Senior Financial Analyst

darian.ryan@ambest.com

or

Jennifer Marshall, +1 908 439 2200, ext. 5327

Director

jennifer.marshall@ambest.com

or

Christopher Sharkey, +1 908 439 2200, ext. 5159

Manager, Public Relations

christopher.sharkey@ambest.com

or

Jim Peavy, +1 908 439 2200, ext. 5644

Director, Public Relations

james.peavy@ambest.com

KEYWORD: UNITED STATES EUROPE NORTH AMERICA CARIBBEAN CAYMAN ISLANDS NEW JERSEY

INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE

SOURCE: A.M. Best

Copyright Business Wire 2018.

PUB: 10/01/2018 03:26 PM/DISC: 10/01/2018 03:26 PM

http://www.businesswire.com/news/home/20181001005950/en

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