Agency withdraws XL Select Insurance ratings
Updated: Jan 31, 2023 04:01 PM
AM Best: the agency has withdrawn its ratings for XL Select Insurance
AM Best has withdrawn the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of XL Select Insurance Company.
The Connecticut-based company was recently acquired by At-Bay Inc from its former indirect parent, XL Bermuda Ltd.
No final rating action was taken due to XL Select effectively being sold as a shell, AM Best said.
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Published January 31, 2023 at 1:36 pm (Updated January 31, 2023 at 4:01 pm)
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