A.M. Best has withdrawn the financial strength rating of A
(Excellent) and the issuer credit ratings of "a" of Valiant
Insurance Company and its subsidiary Valiant Specialty Insurance
Company. All insurance liabilities have been transferred to other
entities within Fairfax Financial Holdings Limited (Fairfax)
[TSX: FSH and FFH.U], and the companies have been sold to Hamilton U.S.
Holdings, Inc.
The methodology used in determining these ratings is Best’s Credit
Rating Methodology, which provides a comprehensive explanation of A.M.
Best’s rating process and contains the different rating criteria
employed in the rating process. Best’s Credit Rating Methodology can be
found at www.ambest.com/ratings/methodology.
A.M. Best Company is the world's oldest and most authoritative
insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2014 by A.M. Best Company, Inc. ALL RIGHTS
RESERVED.
Copyright Business Wire 2014