OLDWICK, NJ–(BUSINESS WIRE)–AM Best removed Financial Strength Rating (FSR) from A (Excellent) and Issuer Long Term Credit Rating (Long Term ICR) from “a” (Excellent) from 21st Century Indemnity Insurance Company (Harrisburg, PA), 21st Century Pacific Insurance Company (Denver, CO) and 21st Century Auto Insurance Company of New Jersey (West Trenton, NJ), which were former members of Farmers Insurance Group.
AM Best has withdrawn these credit ratings (ratings) as the companies are not currently venture entities, nor are they currently part of any reinsurance or pooling arrangement that would warrant support from another entity. AM Best does not currently perform ratings on non-risk bearing entities. Should these entities revert to risky entities, they would be eligible to participate in AM Best’s interactive rating process.
These companies were acquired by Everspan Insurance Company, which is a member of the Everspan Group and currently holds an FSR of A- (Excellent) and a long-term ICR of “a-” (Excellent), on January 1, 2022, in the form of dormant shells clean.
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