Folgate rating upgraded after Hadron deal
AM Best has upgraded the Financial Strength Rating of Folgate Insurance following its acquisition by US hybrid carrier Hadron. The ratings agency boosted Folgate to A- (excellent) from B (fair) and the long-term issuer credit rating (long-term ICR) to ‘a-‘ (excellent) from ‘bb+’ (fair) in light of the deal announced in February. It had placed the … Read more