Bulletin: A.M. Best Rates Co-operator’s Shares

A.M. Best has given the preferred shares issued by Co-operators General Insurance
Company a debt rating of “bbb-”, the ratings agency announced May 29.

The shares include $100 million in Non-cumulative Five-Year Reset Class E
Preference Shares, Series D issued May 14, 2009 (plus a $15 million over
allotment of these shares issued on May 29, 2009) and the $100 million
Non-cumulative Redeemable Class E Preference Shares, Series C issued June
1, 2007. The outlook for both ratings is stable.

This story was originally published by Canadian Insurance Top Broker.