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: Quote).
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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by RTT Staff Writer
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