A.M. Best Withdraws Ratings of Safeway Property Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best has withdrawn the financial strength rating of B (Fair) and the issuer credit rating of “bb+” of Safeway Property Insurance Company (Safeway Property) (Westmont, IL).

The rating actions follow the close of Florida Specialty Holdings LLC’s acquisition of Safeway Property and the uncertainty of the strategic plan the new ownership, as well as the conclusion of A.M. Best’s review.

This press release relates to rating(s) 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 visit A.M. Best’s Ratings & Criteria Center.

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150902005796/en/

A.M. Best Company
Kimberly Muccia
Financial Analyst
(908) 439-2200, ext. 5731
[email protected]
or
Brian O'Larte
Senior Financial Analyst
(908) 439-2200, ext. 5138
brian.o'[email protected]
or
Christopher Sharkey
Manager, Public Relations
(908) 439-2200, ext. 5159
[email protected]
or
Jim Peavy
Assistant Vice President, Public Relations
(908) 439-2200, ext. 5644
[email protected]

Source: A.M. Best Company

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