istock-585166608_paperkites-1

iStock/ Paperkites

4 December 2018Insurance

Merced P&C downgraded to ‘F’ after California wildfire hit

AM Best has changed the Financial Strength Rating (FSR) to a Non-Rating Designation of F (In Liquidation) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “f” from “a-” of California-based Merced Property & Casualty Company.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Howard Hughes to acquire Bermuda’s Vantage in $2.1bn deal

18 December 2025 Vantage to anchor Howard Hughes’s diversification while keeping its brand and teams.

WTW strikes terms with Howden for Lombardo team poach

18 December 2025 WTW talked terms fast; Howden still faces slew of suits from Marsh and Aon.

Overseas insurers can now set up wholly owned businesses in India: reports

18 December 2025 Parliament scraps cap on foreign ownership of Indian re/insurance companies.

More articles

Howard Hughes to acquire Bermuda’s Vantage in $2.1bn deal

WTW strikes terms with Howden for Lombardo team poach

Overseas insurers can now set up wholly owned businesses in India: reports

Tokio Marine Kiln, Canopius see department heads exit

Vantage Group turns to established CFO to lead group finance functions

Sun Life to focus on Middle East’s richest with DIFC presence

Brit Group boosts operations leadership with Lloyd’s talent

Zywave unveils ‘industry’s first suite of insurance-specialised AI agents’

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze