A.M. Best Downgrades Ratings of New England Mutual Insurance Company Due to Removal From Quincy Mutual Group Pool

7 February 2012, 11:56 am

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has downgraded the financial strength rating (FSR) to A (Excellent) from A+ (Superior) and issuer credit rating (ICR) to “a” from “aa-” of New England Mutual Insurance Company (NEMIC) (Quincy, MA). The outlook for both ratings is stable. These rating actions follow the decision and subsequent regulatory approval of NEMIC to unwind itself from the ...... Read More »

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