Best Affirms Rating of Capitol Transamerica Group

A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) for Capitol Transamerica Group (CATA), Madison, Wis. The rating action follows the close of the transaction in which Alleghany Corp. acquired CATA. The rating reflects CATA's superior level of capitalization, solid liquidity and outstanding operating leverage says Best. In addition, CATA's long-standing agency relationships have enhanced its market presence and have assisted in the historical profitability of the group. Active monitoring of its expansion efforts and prudent underwriting standards have also enabled CATA t...