AM Best has downgraded the financial strength rating to B- (fair) from B++ (good) and the long-term issuer credit rating to “bb-” (fair) from “bbb+” (good) of Texas-domiciled Cadence Indemnity Inc.
The ratings agency has also placed these credit ratings under review with negative implications and withdrawn these public ratings of Cadence per the company’s request.
Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.
