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TMCNet:  A.M. Best Withdraws Ratings of First Jersey Casualty Insurance Company, Inc.

[June 11, 2014]

A.M. Best Withdraws Ratings of First Jersey Casualty Insurance Company, Inc.

OLDWICK, N.J. --(Business Wire)--

A.M. Best has affirmed the financial strength rating of B- (Fair) and the issuer credit rating of "bb-" of First Jersey Casualty Insurance Company, Inc. (Clifton, NJ). The outlook for both ratings is negative. Subsequently, A.M. Best has withdrawn the ratings due to management's request to no longer participate in A.M. Best's interactive rating process.

The methodology used in determining these ratings is Best's Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best's raing 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.


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