A.M. Best Affirms Ratings of Philadelphia Insurance Companies and Liberty American Insurance Group; Assigns Issuer Credit Ratings

A.M. Best Co. has assigned a financial strength rating of A+ (Superior) to Philadelphia Insurance Companies (Philadelphia), affirming the financial strength ratings of its two property/casualty pooling members and removing the ratings of those two members from under review with negative implications. A.M. Best has also assigned issuer credit ratings (ICR) of “aa-” to Philadelphia, “a-” to Liberty American and “bbb+” to Philadelphia Consolidated Holding Corporation (Philadelphia Consolidated) (Bala Cynwyd, PA) (NASDAQ: PHLY), the parent holding company of both Philadelphia and Liberty American. All ratings have been assigned a stable outlook…..

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