Majestic Insurance Co. has moved up a notch in A.M. Best's financial-size category, the California-based carrier's parent corporation, CRM Holdings, announced Wednesday.A.M. Best increased Majestic's financial size category to VIII from VII, CRM said. Category VIII designates companies whose adjusted policyholder surplus totals between $100 million and $250 million.In a statement, CRM Chief Executive Officer Daniel G. Hickey Jr. said the new category "enhances Majestic's profile and competitive position in established markets" and allows the carrier to participate in new market...
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