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A.M. Best affirms ‘A’ financial strength rating for Fairfax subsidiaries


February 11, 2011   by Canadian Underwriter


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A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of ‘a’ of:

  • Commonwealth Insurance Company (Vancouver, B.C.);
  • Federated Insurance Company of Canada (Federated) (Winnipeg, Manitoba);
  • Markel Insurance Company of Canada (Markel);
  • Lombard General Insurance Company of Canada (Lombard General); and
  • Zenith Insurance Company (Zenith).

At the same time, A.M. Best affirmed the FSR of ‘A-‘ (Excellent) and ICR of ‘a-‘ of Lombard Insurance Company (Lombard Insurance).
All companies are subsidiaries of Northbridge Financial Corporation, an indirect, wholly owned downstream holding company of Fairfax Financial Holdings Limited (Fairfax) [TSX: FFH and FFH.U]. The outlook for all ratings is stable.