A.M. Best Co. said it has affirmed the financial strength rating of A (Excellent) and issuer credit rating of "a+" of Iron Horse Insurance Company. The outlook for both ratings is stable.
The ratings reflect Iron Horse's adequate risk-adjusted capitalization, explicit parental support, experienced management team and the role it plays as a direct captive subsidiary of Chevron Corp.(CVX).
In addition, A.M. Best Co. said it has affirmed the financial strength rating of A (Excellent) and issuer credit rating of "a+" of Heddington Insurance Limited. The outlook for both ratings is stable.
The ratings reflect Heddington's superior capitalization, consistently positive operating results and the role that it plays as a captive insurance company of Chevron Corp. (CVX).
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.