Liberty Mutual given rating boost
AM Best has revised its outlook on Liberty Mutual Insurance Companies (Liberty Mutual) and Peerless Insurance Company Pool (PIC Pool) to stable from negative.
The rating agency also affirmed their financial strength rating of "A" (excellent) and issuer credit rating of "a" (excellent).
Concurrently, Best revised the outlook to stable from negative for Liberty Mutual Holding Company, the ultimate parent of the group, and Liberty Mutual Group Inc. Their "bbb" issuer credit rating was also affirmed.
The agency cited Liberty...
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