Royal & Sun USA Downgraded To "B-plus"
NU Online News Service, Sept. 29, 10:21 a.m. EDT?A.M. Best Co. said Friday it had downgraded the Royal & SunAlliance USA Insurance Pool and the Royal Insurance Company of America subsidiary, Royal Surplus Lines Insurance Company, to "B-plus" (very good) from "A-minus" (excellent)
Best said the action was taken because the companies' U.K. parent had announced a restructuring of operations in the United States.
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